LINK/USDT – 30M – SELL

The pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 12.04 is expected.

Caution: A possible change in the direction of the resistance line at 13.42 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

13.42 – 13.12 – 13.22 – 12.04 – 12.97 – 12.94 — 24.480414886736 – 21.515151198407 — 14.937262671289 – 14.937262671289 – 36.300637023435 – 24.419096310009

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –