LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 22.090000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 23.530000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.060000000 |
| 2nd High | 23.870000000 |
| Next High | 23.530000000 |
| Current Price | 23.200000000 |
| Next Low | 22.090000000 |
| 2nd Low | 21.390000000 |
| 3rd Low | 21.360000000 |
23.530000000 – 23.870000000 – 24.060000000 – 22.090000000 – 22.710000000 – 23.550000000 — 52.912194618674 – 52.596930614059
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –