LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 22.130000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 22.470000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Last Engulfing Top’ candlestick pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 23.240000000 |
| 2nd High | 22.550000000 |
| Next High | 22.470000000 |
| Current Price | 22.310000000 |
| Next Low | 22.130000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.390000000 |
22.470000000 – 22.330000000 – 22.550000000 – 22.130000000 – 21.870000000 – 22.050000000 — 57.415657910191 – 49.881520183744
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –