LINK/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 7.811 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 8.044 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘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).

8.044 – 8.128 – 8.137 – 7.811 – 7.772 – 7.89 —
7.844000000 – 7.944000000 —
37.766219217215 – 59.303976675131 —
– —
8.044 – 1781830800

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