LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support line at 24.160000000 will persist.
Caution: A possible change in the direction of resistance at 24.800000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.030000000 |
| 2nd High | 25.410000000 |
| Next High | 24.800000000 |
| Current Price | 24.950000000 |
| Next Low | 24.160000000 |
| 2nd Low | 23.310000000 |
| 3rd Low | 23.200000000 |
24.800000000 – 24.270000000 – 23.930000000 – 24.160000000 – 23.310000000 – 23.200000000 — 71.616576174773 – 62.196110701736
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Tweezers Top – Double bottom retreat down – –