LINK/USDT – 30M – SELL

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

The bearish trend down to the next support line at will persist.

Caution: A possible trend reversal in the direction of the resistance line at 13.28 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 13.24 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 13.28 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

13.28 – 13.24 – 13.26 – 13.08 – 13.12 – 13.07 — 58.52887492643 – 49.718795667787 — 75.376744584297 – 53.168079458858 – 84.651046821199 – 72.059537060821

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