LINK/USDT – 1H – SELL

The pair Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 8.17 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 9.113 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 8.17 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 9.113 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

9.113 – 9.301 – 9.315 – 8.17 – 8.847 – 8.993 —
8.569000000 – 8.515000000 —
47.243508550475 – 44.24558074213 —
– —
9.113 – 1780333200

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –