LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 11.74 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 12.6 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.6 |
| Current Price | 12.500000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
12.6 – 12.1 – 12.37 – 11.74 – 11.75 – 11.79 — 61.669917735513 – 60.736888630297 — 58.190675017397 – 53.670842032011 – 53.972976107632 – 56.421363952679
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Inverse Head and Shoulder chart pattern – –