The pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.
The bearish trend down to the next support at 13.36 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 14.93 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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 | 16.25 |
| 2nd High | 16.02 |
| Next High | 14.93 |
| Current Price | 13.520000000 |
| Next Low | 13.36 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
14.93 – 13.42 – 13.22 – 13.36 – 13.97 – 11.74 — 38.826097269186 – 35.30275193958 — 67.414289117329 – 49.67292572085 – 73.212027925897 – 62.221248452311
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –