LINK/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 7.15 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 8.155 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern 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’ going down is 69% (Bull Market) & 70% (Bear Market).

8.155 – 8.023 – 8.011 – 7.479 – 7.769 – 7.898 —
7.650000000 – 7.532000000 —
42.810866475323 – 36.366974158579 —
– —
8.155 – 1782133200

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