The combination Chainlink/Tether (LINK/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 7.753 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 8.05 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.136 |
| 2nd High | 8.128 |
| Next High | 8.05 |
| Current Price | 7.832000000 |
| Next Low | 7.753 |
| 2nd Low | 7.688 |
| 3rd Low | 7.481 |
8.05 – 8.011 – 7.988 – 7.753 – 7.688 – 7.481 —
7.934000000 – 7.932000000 —
43.583898654663 – 39.481549200681 —
– —
8.05 – 1781384400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –