LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 22.650000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 23.870000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.030000000 |
| 2nd High | 24.060000000 |
| Next High | 23.870000000 |
| Current Price | 23.410000000 |
| Next Low | 22.650000000 |
| 2nd Low | 22.090000000 |
| 3rd Low | 21.390000000 |
23.870000000 – 24.060000000 – 26.030000000 – 22.650000000 – 22.090000000 – 22.710000000 — 54.438105258749 – 54.177723291785
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –