LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 21.62 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 23.73 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Tweezers Top’ candlestick pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.02 |
| 2nd High | 24.89 |
| Next High | 23.73 |
| Current Price | 22.520000000 |
| Next Low | 21.62 |
| 2nd Low | 21.47 |
| 3rd Low | 20.96 |
23.73 – 22.94 – 23.09 – 21.62 – 21.47 – 21.76 — 63.290618930051 – 58.457654531903 — 99.192271460926 – 91.758298222177 – 94.836032862883 – 94.536161082322
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Tweezers Top – – –