LINK/USDT – 1H – SELL

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

A bearish movement downwards to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 23.040000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

23.040000000 – 24.310000000 – 24.740000000 – 21.510000000 – 21.020000000 – 21.150000000 — 37.67390943007 – 34.632025908974

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Double top chart pattern – –