LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 15.520000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.930000000 |
| 2nd High | 15.530000000 |
| Next High | 15.520000000 |
| Current Price | 15.160000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
15.520000000 – 15.530000000 – 14.630000000 – 15.070000000 – 15.130000000 – 14.320000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Matching Low