LINK/USDT – 4H – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 7.9 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 14.54 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Shooting Star’ candle pattern is found. The chart forms ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.66 |
| 2nd High | 16.8 |
| Next High | 14.54 |
| Current Price | 12.110000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
14.54 – 16.8 – 16.23 – 13.58 – 13.69 – 16.54 — 32.573439406362 – 32.573439406362 — 13.419930205506 – 19.215458187928 – 7.0147774761966 – 13.232088234027
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Shooting Star – – –