LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support level at 12.35 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 12.85 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading 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 | 13.080000000 |
| Next Low | 12.35 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
12.85 – 12.75 – 12.6 – 12.35 – 12.35 – 11.74 — 68.213303400445 – 65.994140716334 — 80.233752620545 – 79.527457807504 – 79.970300489168 – 79.871836040656
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Triple bottom chart pattern – –