Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A descent down to the next support line at 9.8 is expected.
Caution: A possible trend reversal in the direction of resistance at 9.96 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.26 |
| 2nd High | 10.13 |
| Next High | 9.96 |
| Current Price | 9.840000000 |
| Next Low | 9.8 |
| 2nd Low | 9.32 |
| 3rd Low | 9.09 |
9.96 – 10.13 – 10.07 – 9.8 – 9.85 – 9.88 —
9.900000000 – 9.890000000 —
38.75226938208 – 46.110244049395 —
– —
9.96 – 1778184000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –