LINK/USDT – 1H – SELL

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

A bearish descent down to the next support level at 12.640000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 14.080000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

14.080000000 – 14.040000000 – 14.480000000 – 12.640000000 – 13.700000000 – 13.980000000

Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Outside Down