LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 13.540000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 15.660000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative 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 will continue. Current target is 12.64 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 15.660000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.160000000 |
| 2nd High | 16.190000000 |
| Next High | 15.660000000 |
| Current Price | 13.040000000 |
| Next Low | 13.540000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 12.520000000 |
15.660000000 – 15.530000000 – 13.980000000 – 13.540000000 – 13.550000000 – 12.640000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Black Crows