LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 22.120000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 23.240000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a positive pattern signal. The 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 | 23.970000000 |
| 2nd High | 23.440000000 |
| Next High | 23.240000000 |
| Current Price | 22.990000000 |
| Next Low | 22.120000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.390000000 |
22.800000000 – 22.470000000 – 22.470000000 – 22.120000000 – 22.130000000 – 21.870000000 — 51.90980803044 – 51.51017626398
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –