LINK/USDT – 30M – SELL

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

A bearish movement down to the next support level at 9.88 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 10.26 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 9.665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 10.26 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. 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 Black Crows’ going down is 82%.

10.26 – 9.85 – 9.82 – 9.88 – 9.32 – 9.09 —
10.050000000 – 10.010000000 —
54.984716880856 – 49.3105279885 —
– —
10.26 – 1778065200

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –