LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support line at 7.795 is expected.
Caution: A possible change in the direction of the resistance zone at 8.633 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.113 |
| 2nd High | 8.876 |
| Next High | 8.633 |
| Current Price | 8.503000000 |
| Next Low | 7.795 |
| 2nd Low | 7.709 |
| 3rd Low | 7.674 |
8.633 – 8.406 – 7.993 – 7.795 – 7.854 – 7.709 —
8.615000000 – 8.554000000 —
68.481240996179 – 55.888175733702 —
– —
8.633 – 1784120400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –