LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 12.06 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Last Engulfing Top’ chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.66 |
| 2nd High | 12.5 |
| Next High | 12.06 |
| Current Price | 11.900000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
12.06 – 12.5 – 12.41 – 11.8 – 12.04 – 12.12 —
12.010000000 – 12.010000000 —
44.866355007922 – 52.715069654206 —
– —
12.06000 – 1769479200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Top – Double top chart pattern – –