LINK/USDT – 4H – SELLThe currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 21.360000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Belt Hold’ candle pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 24.780000000 |
| Next Low | 21.360000000 |
| 2nd Low | 21.020000000 |
| 3rd Low | 16.030000000 |
24.740000000 – 17.200000000 – 18.240000000 – 21.360000000 – 21.020000000 – 16.030000000 — 66.119520419211 – 55.694570562672
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –