LINK/USDT – 30M – SELL

The pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards

A descent down to the next support line at 7.864 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 8.017 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 7.904 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 8.017 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

8.017 – 7.966 – 7.953 – 7.864 – 7.85 – 7.764 —
7.957000000 – 8.010000000 —
49.793219098381 – 58.570235441523 —
– —
8.017 – 1781931600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –