AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 38.800000000 will persist.
Caution: A possible change in the direction of the resistance level at 42.380000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ candle chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.380000000 |
| Current Price | 41.070000000 |
| Next Low | 38.800000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top