LINK/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 13.17 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 14.18 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency 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).

14.18 – 14.08 – 14.93 – 13.17 – 13.36 – 13.97 — 50.698584053217 – 48.452496186734 — 46.889290353207 – 29.547073066515 – 61.893092314774 – 46.137000171214

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –