Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 12.04 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 12.41 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.01 |
| 2nd High | 12.66 |
| Next High | 12.41 |
| Current Price | 12.220000000 |
| Next Low | 12.04 |
| 2nd Low | 11.89 |
| 3rd Low | 11.74 |
12.41 – 12.66 – 12.47 – 12.04 – 12.17 – 12.12 —
12.280000000 – 12.380000000 —
50.601689421371 – 48.172577032432 —
– —
12.41000 – 1769142600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Symmetrical Triangle Chart Pattern – –