LINK/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 8.37 will persist.

Caution: A possible change in the direction of the resistance level at 8.59 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 8.37 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 8.59 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Inside Down’ candle pattern is found. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

8.59 – 8.7 – 8.62 – 8.37 – 8.48 – 8.48 —
8.500000000 – 8.470000000 —
45.242252324166 – 44.610345589634 —
– —
8.59 – 1774753200

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