LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support at 23.210000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 23.910000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Southern Doji’ candlestick chart pattern is found. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.130000000 |
| 2nd High | 24.060000000 |
| Next High | 23.910000000 |
| Current Price | 23.580000000 |
| Next Low | 23.210000000 |
| 2nd Low | 22.650000000 |
| 3rd Low | 22.090000000 |
23.910000000 – 23.610000000 – 23.540000000 – 23.210000000 – 22.650000000 – 22.090000000 — 45.125394861405 – 44.714668953213
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – – –