AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 23.360000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 24.140000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Tweezers Top’ candlestick chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 25.330000000 |
| Next High | 24.140000000 |
| Current Price | 23.170000000 |
| Next Low | 23.360000000 |
| 2nd Low | 23.180000000 |
| 3rd Low | 22.760000000 |
24.140000000 – 24.090000000 – 25.330000000 – 23.360000000 – 24.020000000 – 23.570000000 — 38.101385927093 – 36.191437722872
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top – – –