The pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support at 9.52 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 9.86 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.08 |
| 2nd High | 10.04 |
| Next High | 9.86 |
| Current Price | 9.120000000 |
| Next Low | 9.52 |
| 2nd Low | 9.02 |
| 3rd Low | 8.97 |
9.86 – 10.04 – 10.08 – 9.52 – 9.58 – 9.7 —
9.720000000 – 9.470000000 —
51.659344673337 – 28.853485474581 —
– —
9.86 – 1770093000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –