LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 7.783 will persist.
Caution: A possible change in the direction of the resistance level at 8.219 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.616 |
| 2nd High | 8.469 |
| Next High | 8.219 |
| Current Price | 8.183000000 |
| Next Low | 7.783 |
| 2nd Low | 7.753 |
| 3rd Low | 7.688 |
8.219 – 8.05 – 8.044 – 7.783 – 7.938 – 7.858 —
8.197000000 – 8.223000000 —
70.259018608866 – 65.817745956325 —
– —
8.219 – 1781481600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – – –