LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 15.070000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 15.520000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 15.06036 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 15.520000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.930000000 |
| 2nd High | 15.530000000 |
| Next High | 15.520000000 |
| Current Price | 15.280000000 |
| Next Low | 15.070000000 |
| 2nd Low | 14.320000000 |
| 3rd Low | 13.540000000 |
15.520000000 – 15.530000000 – 14.630000000 – 15.070000000 – 15.130000000 – 14.320000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Black Crows