The pair Chainlink/Tether (LINK/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 10.51 will continue.
Caution: A possible change in the direction of the resistance zone at 11 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern 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 chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.19 |
| Next High | 11 |
| Current Price | 9.570000000 |
| Next Low | 10.51 |
| 2nd Low | 7.9 |
| 3rd Low |
11 – 12.19 – 12.06 – 10.51 – 10.62 – 11.69 —
10.580000000 – 10.180000000 —
31.513274021588 – 15.891544631388 —
– —
11.00000 – 1769799600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – – –