LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 22.830000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 23.750000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 23.870000000 |
| 2nd High | 23.760000000 |
| Next High | 23.750000000 |
| Current Price | 22.960000000 |
| Next Low | 22.830000000 |
| 2nd Low | 22.120000000 |
| 3rd Low | 21.870000000 |
23.750000000 – 23.760000000 – 23.870000000 – 23.100000000 – 22.970000000 – 23.840000000 — 33.365132594675 – 32.847594969281
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –