LINK/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

The currency pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 12.47 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

12.47 – 12.61 – 13.01 – 12.03 – 12.18 – 12.48 —
12.200000000 – 12.460000000 —
29.334839333332 – 60.523762008097 —
– —
12.47000 – 1768973400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Double top chart pattern – –