LINK/USDT – 30M – SELL

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

A descending movement down to the next support line at 21.780000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 22.670000000 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

22.670000000 – 22.700000000 – 21.470000000 – 21.780000000 – 21.150000000 – 21.240000000 — 55.245357917396 – 52.527371806033

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