LINK/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support level at 8.4 is considered certain.

Caution: A possible change in the direction of resistance at 9.190000000 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

9.190000000 – 9.64 – 9.27 – 8.4 – 8.21 – 8.05 —
9.190000000 – 9.160000000 —
59.845290819824 – 57.267455449932 —
9.190000000 – 1773144000 —
– 1773144000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –