LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 11.840000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 12.06 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.24 |
| Next High | 12.06 |
| Current Price | 11.900000000 |
| Next Low | 11.840000000 |
| 2nd Low | 11.8 |
| 3rd Low |
12.06 – 12.24 – 12.5 – 11.840000000 – 11.8 – 12.13 —
11.890000000 – 12.190000000 —
34.422084773279 – 67.220408650287 —
11.840000000 – 1769518800 —
12.06000 – 1769481000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Double top chart pattern – –