LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A descent downwards to the next support line at 12.66 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 13.05 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 12.55296 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 13.05 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.34 |
| 2nd High | 13.21 |
| Next High | 13.05 |
| Current Price | 12.710000000 |
| Next Low | 12.66 |
| 2nd Low | 12.35 |
| 3rd Low | 11.74 |
13.05 – 13.21 – 12.85 – 12.66 – 12.87 – 12.35 — 43.307066451156 – 42.371919129822 — 55.285027539363 – 52.620618516572 – 66.744516455499 – 59.784745333878
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –