LINK/USDT – 4H – SELLAdditionally a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 7.9 is expected.
Caution: A possible counter-trend in the direction of resistance at 14.54 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Two Crows’ chart pattern is discovered. 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 likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.66 |
| 2nd High | 16.8 |
| Next High | 14.54 |
| Current Price | 13.500000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
14.54 – 16.8 – 16.23 – 13.58 – 13.69 – 16.54 — 46.46168891386 – 41.684086713397 — 90.598550015699 – 80.433748045414 – 74.578561143881 – 82.994347185179
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Double top chart pattern – –