LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support at 13.970000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 14.93 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Next a ‘Shooting Star’ candlestick chart pattern is existing. The chart forms ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.25 |
| 2nd High | 16.02 |
| Next High | 14.93 |
| Current Price | 14.250000000 |
| Next Low | 13.970000000 |
| 2nd Low | 11.74 |
| 3rd Low |
14.93 – 13.42 – 13.22 – 13.970000000 – 11.74 – 12.91 — 47.581922833989 – 47.581922833989 — 46.204530272667 – 43.905993805793 – 41.354023697408 – 45.023581804851
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –