LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 13.230000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 13.57 could happen.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.29 |
| 2nd High | 14 |
| Next High | 13.57 |
| Current Price | 13.440000000 |
| Next Low | 13.230000000 |
| 2nd Low | 12.75 |
| 3rd Low | 12.55 |
13.57 – 13.22 – 13.21 – 13.230000000 – 12.75 – 12.55 — 59.142387957763 – 55.319990296684 — 87.73293472845 – 73.375685102143 – 86.702180165855 – 81.507381037777
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom retreat down – –