LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 11.74 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 12.75 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.75 |
| Current Price | 12.520000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
12.75 – 12.6 – 12.1 – 11.74 – 11.75 – 11.79 — 56.549886819372 – 45.821512110887 — 72.419067790378 – 55.456029651855 – 72.305323900435 – 69.572528889477
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –