LINK/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 13.4 is certain.
Caution: A possible counter-trend in the direction of resistance at 14.29 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.02 |
| 2nd High | 14.54 |
| Next High | 14.29 |
| Current Price | 13.300000000 |
| Next Low | 13.4 |
| 2nd Low | 7.9 |
| 3rd Low |
14.29 – 14.54 – 14.34 – 13.4 – 13.85 – 13.58 — 44.619892210398 – 38.84682499806 — 87.789211789768 – 80.859623120898 – 63.134578963417 – 77.609322420561
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Double top chart pattern – –