Sell LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards

A descending movement down to the next support at 8.73 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 9.3 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 9.49
2nd High 9.33
Next High 9.3
Current Price 8.710000000
Next Low 8.73
2nd Low 8.68
3rd Low 8.56

9.3 – 9.33 – 9.49 – 8.73 – 9.07 – 9.18 —
8.800000000 – 8.810000000 —
30.187284677246 – 38.648432855838 —
– —
9.3 – 1772782200

Trading Signals:

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