There is also a ‘Double bottom retreat down’ chart pattern is found. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 13.68 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 14.13 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.4 |
| 2nd High | 14.35 |
| Next High | 14.13 |
| Current Price | 13.790000000 |
| Next Low | 13.68 |
| 2nd Low | 13.58 |
| 3rd Low | 13.4 |
13.98 – 14.13 – 13.88 – 13.68 – 13.58 – 13.4 — 54.354845994547 – 45.27054218678 — 61.888626581899 – 36.806971359823 – 73.374011049212 – 61.900924437998
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Double bottom retreat down – –