LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 13.68 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 14.13 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.4 |
| 2nd High | 14.35 |
| Next High | 14.13 |
| Current Price | 13.770000000 |
| Next Low | 13.68 |
| 2nd Low | 13.58 |
| 3rd Low | 13.4 |
13.98 – 14.13 – 13.88 – 13.68 – 13.58 – 13.4 — 45.327107139902 – 44.526203478304 — 36.668478294572 – 8.1166027700066 – 61.762027258253 – 35.49517250767
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –