LINK/USDT – 30M – SELL

The pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 13.03 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 13.38 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 13.03 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 13.38 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

13.38 – 13.94 – 14.07 – 13.03 – 13.29 – 13.68 — 50.620608590022 – 48.985549210808 — 56.955865078033 – 43.738988648473 – 54.998974473719 – 52.434634820696

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –