The combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 10.100000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 13.790000000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 16.190000000 |
2nd High | 15.660000000 |
Next High | 13.790000000 |
Current Price | 11.930000000 |
Next Low | 10.100000000 |
2nd Low | |
3rd Low |
13.790000000 – 15.660000000 – 14.080000000 – 13.540000000 – 12.640000000 – 13.390000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Black Crows