LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at will persist.

Caution: A possible trend reversal in the direction of resistance at 13.260000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

13.260000000 – 13.45 – 14.24 – 13.03 – 13.29 – 13.47 — 46.165746161287 – 43.024196375401 — 62.538661777379 – 32.798274002157 – 73.320049761937 – 60.942043307627

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –