LINK/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 13.050000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 13.45 could happen.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 13.03 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 13.45 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

13.37 – 13.26 – 13.45 – 13.050000000 – 13.08 – 13.03 — 49.721238664197 – 45.622652376117 — 57.933385785471 – 37.784479995338 – 69.546677545628 – 56.793037464425

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –