LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 11.690000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 12.02 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.24 |
| 2nd High | 12.19 |
| Next High | 12.02 |
| Current Price | 11.820000000 |
| Next Low | 11.690000000 |
| 2nd Low | |
| 3rd Low |
12.02 – 12.19 – 12.06 – 11.690000000 – 11.84 – 11.8 —
11.800000000 – 11.880000000 —
35.59488823385 – 48.051229746079 —
11.690000000 – 1769616000 —
12.02000 – 1769594400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –