LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 12.93 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 13.52 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.07 |
| 2nd High | 13.94 |
| Next High | 13.52 |
| Current Price | 13.110000000 |
| Next Low | 12.93 |
| 2nd Low | 12.82 |
| 3rd Low | 12.15 |
13.52 – 13.37 – 13.28 – 12.93 – 13.05 – 13.08 — 45.040609311798 – 41.985084507975 — 66.334516482682 – 61.428245791136 – 69.296008046863 – 65.504864661464
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –