LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 12.06 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.24 |
| Next High | 12.06 |
| Current Price | 11.970000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
12.06 – 12.24 – 12.5 – 11.84 – 11.8 – 12.13 —
12.000000000 – 12.050000000 —
46.463358559772 – 53.930476803534 —
– —
12.06000 – 1769481000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –