LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 13.06 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 14 could occur.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.54 |
| 2nd High | 14.29 |
| Next High | 14 |
| Current Price | 13.400000000 |
| Next Low | 13.06 |
| 2nd Low | 7.9 |
| 3rd Low |
14 – 14.29 – 14.54 – 13.06 – 13.4 – 13.85 — 42.954208185438 – 39.608805176582 — 22.199536564419 – 10.420818952247 – 37.181253004499 – 24.269332771593
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –