AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support at 8.99 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 9.520000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 9.520000000 |
| Current Price | 9.420000000 |
| Next Low | 8.99 |
| 2nd Low | 8.97 |
| 3rd Low | 8.92 |
9.520000000 – 9.38 – 9.25 – 8.99 – 8.97 – 9.06 —
9.520000000 – 9.460000000 —
71.959417021842 – 63.858209576238 —
9.520000000 – 1777986000 —
– 1777986000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top – – –