AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 23.010000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 24.020000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ candle chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 25.030000000 |
| 2nd High | 24.550000000 |
| Next High | 24.020000000 |
| Current Price | 23.590000000 |
| Next Low | 23.010000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.870000000 |
24.020000000 – 24.550000000 – 25.030000000 – 23.010000000 – 22.190000000 – 22.400000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Tweezers Top –