LINK/USDT – 30M – SELL

The currency pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 13.97 is likely expected.

Caution: A possible change in the direction of the resistance level at 14.4 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 13.455 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 14.4 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

14.4 – 14.59 – 14.79 – 13.97 – 14.35 – 14.2 — 38.433894018551 – 36.544733601299 — 57.81647031647 – 33.333333333333 – 74.138561638562 – 57.81647031647

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –