Sell LINK/USDT – 4H – SELL

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

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