LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 12.950000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 14.580000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.930000000 |
| 2nd High | 15.660000000 |
| Next High | 14.580000000 |
| Current Price | 13.190000000 |
| Next Low | 12.950000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 12.520000000 |
14.580000000 – 15.660000000 – 15.520000000 – 12.950000000 – 14.050000000 – 15.070000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Two Crows