LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 7.811 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 8.044 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Tweezers Top’ candle pattern is existing. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.137 |
| 2nd High | 8.128 |
| Next High | 8.044 |
| Current Price | 7.869000000 |
| Next Low | 7.811 |
| 2nd Low | 7.772 |
| 3rd Low | 7.753 |
8.044 – 8.128 – 8.137 – 7.811 – 7.772 – 7.89 —
7.828000000 – 7.930000000 —
34.841615320328 – 53.589209737561 —
– —
8.044 – 1781830800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Tweezers Top – – –