LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 7.612 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 7.93 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

7.93 – 7.954 – 8.028 – 7.612 – 7.65 – 7.797 —
7.678000000 – 7.840000000 —
38.82798256759 – 57.17451142927 —
– —
7.93 – 1781035200

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