LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at 13.08 is certain.

Caution: A possible change in the direction of the resistance level at 13.28 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

13.28 – 13.24 – 13.26 – 13.08 – 13.12 – 13.07 — 53.961942527294 – 49.967767377993 — 53.63110847493 – 40.038476772478 – 38.049901737723 – 46.865183427731

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