LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 7.753 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 7.988 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.136 |
| 2nd High | 8.128 |
| Next High | 7.988 |
| Current Price | 7.842000000 |
| Next Low | 7.753 |
| 2nd Low | 7.688 |
| 3rd Low | 7.481 |
7.988 – 7.901 – 8.128 – 7.753 – 7.688 – 7.481 —
7.942000000 – 7.901000000 —
56.548347598175 – 52.396171321397 —
– —
7.988 – 1781204400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –