LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support at 13.040000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 13.480000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
And also a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. which is a negative 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.580000000 |
| 2nd High | 13.790000000 |
| Next High | 13.480000000 |
| Current Price | 13.340000000 |
| Next Low | 13.040000000 |
| 2nd Low | 12.990000000 |
| 3rd Low | 10.940000000 |
13.480000000 – 12.100000000 – 12.750000000 – 13.040000000 – 12.990000000 – 10.940000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Two Crows