LINK/USDT – 1H – SELL

The pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 8.12 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Inside Down’ candle pattern is found. The chart forms ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

8.12 – 8.02 – 7.785 – 7.854 – 7.674 – 7.57 —
7.946000000 – 7.912000000 —
36.683838298315 – 45.178722441483 —
– —
8.12 – 1783789200

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –