LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 11.74 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 12.6 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.6 |
| Current Price | 12.570000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
12.6 – 12.1 – 12.37 – 11.74 – 11.75 – 11.79 — 66.486263224162 – 58.346919990692 — 77.385427579548 – 57.176678463983 – 78.01382066056 – 71.681610096534
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom retreat down – –