LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 7.9 is certain.
Caution: A possible change in the direction of the resistance level at 12.19 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.66 |
| 2nd High | 12.5 |
| Next High | 12.19 |
| Current Price | 11.040000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
12.19 – 12.06 – 12.5 – 11.69 – 11.84 – 11.8 —
11.650000000 – 11.610000000 —
35.592199493956 – 36.538978261486 —
– —
12.19000 – 1769529600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –