The currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 10.51 will persist.
Caution: A possible change in the direction of resistance at 11 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.19 |
| Next High | 11 |
| Current Price | 9.950000000 |
| Next Low | 10.51 |
| 2nd Low | 7.9 |
| 3rd Low |
11 – 12.19 – 12.06 – 10.51 – 10.62 – 11.69 —
10.680000000 – 10.400000000 —
33.725468424622 – 18.523394209985 —
– —
11.00000 – 1769799600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –