LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 12.02 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.24 |
| 2nd High | 12.19 |
| Next High | 12.02 |
| Current Price | 11.840000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
12.02 – 12.19 – 12.06 – 11.69 – 11.84 – 11.8 —
11.860000000 – 11.910000000 —
42.057399971664 – 53.689282936049 —
– —
12.02000 – 1769594400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –