LINK/USDT – 4H – SELL

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 7.316 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 8.128 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

8.128 – 9.315 – 9.686 – 7.481 – 7.316 – 8.762 —
7.971000000 – 7.951000000 —
53.893516187858 – 50.777931873915 —
– —
8.128 – 1780948800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –