LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A descent down to the next support level at 7.795 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 8.6 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Shooting Star’ candle pattern is detected. The candles show ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.113 |
| 2nd High | 8.616 |
| Next High | 8.6 |
| Current Price | 8.503000000 |
| Next Low | 7.795 |
| 2nd Low | 7.674 |
| 3rd Low | 7.57 |
8.406 – 8.12 – 8.02 – 7.795 – 7.854 – 7.674 —
8.386000000 – 8.570000000 —
58.933016378632 – 64.921168198302 —
– —
8.406 – 1784041200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –