LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 12.35 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 12.85 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.85 |
| Current Price | 12.420000000 |
| Next Low | 12.35 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
12.85 – 12.75 – 12.6 – 12.35 – 11.74 – 11.75 — 42.648206710791 – 41.666272721329 — 12.926234455299 – 15.154320987654 – 10.590097496218 – 11.816049307648
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –