LINK/USDT – 30M – SELL

The pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 13.68 is likely expected.

Caution: A possible change in the direction of resistance at 13.86 could happen.
Consider stop-loss settings accordingly.

Then a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

Then a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

13.75 – 13.86 – 13.87 – 13.68 – 13.63 – 13.43 — 54.354739740082 – 54.354739740082 — 29.358715707068 – 28.762091976618 – 30.304806901982 – 28.723581581685

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –