AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 34.950000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 39.370000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Tweezers Top’ candlestick pattern is found. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.570000000 |
| 2nd High | 44.190000000 |
| Next High | 39.370000000 |
| Current Price | 37.420000000 |
| Next Low | 34.950000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top