LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A bearish movement down to the next support line at 24.160000000 will continue.
Caution: A possible change in the direction of the resistance level at 26.030000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.870000000 |
| 2nd High | 26.620000000 |
| Next High | 26.030000000 |
| Current Price | 24.640000000 |
| Next Low | 24.160000000 |
| 2nd Low | 23.310000000 |
| 3rd Low | 23.200000000 |
24.800000000 – 23.930000000 – 23.820000000 – 24.160000000 – 23.310000000 – 23.200000000 — 44.76474033065 – 39.857524032827
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –