LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 9.09 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 9.55 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a negative chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.87 |
| 2nd High | 9.66 |
| Next High | 9.55 |
| Current Price | 9.370000000 |
| Next Low | 9.09 |
| 2nd Low | 9.07 |
| 3rd Low | 9.06 |
9.55 – 9.66 – 9.21 – 9.09 – 9.07 – 9.06 —
9.490000000 – 9.420000000 —
51.973977953598 – 51.218130193543 —
– —
9.55 – 1777907700
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –