LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 13.68 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 14.07 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 13.63478 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 14.07 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.35 |
| 2nd High | 14.24 |
| Next High | 14.07 |
| Current Price | 13.620000000 |
| Next Low | 13.68 |
| 2nd Low | 13.47 |
| 3rd Low | 13.4 |
14.07 – 14.24 – 13.98 – 13.68 – 13.47 – 13.68 — 43.204823441429 – 38.662632770006 — 59.940222280259 – 33.333333333333 – 82.162444502481 – 62.182370409061
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Double top chart pattern – –