LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 12.75 is certain.
Caution: A possible change in the direction of resistance at 13.57 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.29 |
| 2nd High | 14 |
| Next High | 13.57 |
| Current Price | 13.440000000 |
| Next Low | 12.75 |
| 2nd Low | 12.55 |
| 3rd Low | 12.3 |
13.57 – 13.22 – 13.21 – 12.75 – 12.55 – 12.3 — 60.395217195952 – 57.464708669407 — 70.994876602391 – 80.54871333577 – 46.848021786243 – 66.336199792792
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –