AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 8.42 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 9.78 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

9.78 – 9.48 – 9.84 – 8.42 – 8.18 – 8.66 —
9.460000000 – 8.910000000 —
50.563164185817 – 37.391812306929 —
– —
9.78 – 1772640000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top – – –