LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 13.06 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 14 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.54 |
| 2nd High | 14.29 |
| Next High | 14 |
| Current Price | 13.400000000 |
| Next Low | 13.06 |
| 2nd Low | 7.9 |
| 3rd Low |
14 – 14.29 – 14.54 – 13.06 – 13.4 – 13.85 — 44.934310620539 – 43.809637298733 — 38.639872958015 – 39.611380230635 – 35.263462381156 – 39.021398567308
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Double bottom chart pattern – –