LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.

A descending movement down to the next support at 9.07 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 9.49 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish 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).

9.49 – 9.64 – 8.93 – 9.07 – 8.56 – 8.54 —
9.240000000 – 9.300000000 —
46.881471731571 – 53.084120238841 —
– —
9.49 – 1772712000

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