LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 12.640000000 will continue.
Caution: A possible change in the direction of the resistance zone at 14.580000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is discovered. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.930000000 |
| 2nd High | 15.660000000 |
| Next High | 14.580000000 |
| Current Price | 13.040000000 |
| Next Low | 12.640000000 |
| 2nd Low | 12.520000000 |
| 3rd Low | 12.430000000 |
14.580000000 – 15.660000000 – 15.520000000 – 14.050000000 – 15.070000000 – 15.130000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Black Crows