The pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.
A bearish movement down to the next support line at 8.45 will continue.
Caution: A possible change in the direction of the resistance level at 9.59 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which 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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.04 |
| 2nd High | 9.9 |
| Next High | 9.59 |
| Current Price | 9.200000000 |
| Next Low | 8.45 |
| 2nd Low | 8.35 |
| 3rd Low | 8.17 |
9.59 – 9.05 – 9.02 – 8.45 – 8.35 – 8.52 —
9.440000000 – 9.340000000 —
65.493609972615 – 62.296024803752 —
– —
9.59 – 1772053200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –