AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.

A descent downwards to the next support at 8.69 will continue.

Caution: A possible change in the direction of the resistance line at 10.52 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Tweezers Top’ chart pattern is found. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

10.52 – 10.29 – 9.96 – 9.33 – 8.69 – 8.42 —
9.570000000 – 9.090000000 —
42.069168087424 – 31.724904247252 —
– —
10.52 – 1773633600

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