LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 12.430000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 13.250000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.660000000 |
| 2nd High | 13.790000000 |
| Next High | 13.250000000 |
| Current Price | 11.930000000 |
| Next Low | 12.430000000 |
| 2nd Low | 11.680000000 |
| 3rd Low | 10.440000000 |
13.250000000 – 13.790000000 – 13.600000000 – 12.630000000 – 12.800000000 – 12.830000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Two Crows