The pair Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 8.461 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Then a ‘Three Inside Down’ chart pattern is found. The candles show ‘Three Inside 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 chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.57 |
| 2nd High | 8.494 |
| Next High | 8.461 |
| Current Price | 8.223000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
8.461 – 8.494 – 8.57 – 8.006000000 – 8.356 – 8.451 —
8.116000000 – 8.286000000 —
36.59973065455 – 57.164019444209 —
8.006000000 – 1784295000 —
8.461 – 1784235600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Inside Down – – –