LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support level at is expected.

Caution: A possible change in the direction of the resistance zone at 26.620000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

26.620000000 – 26.380000000 – 27.870000000 – 22.880000000 – 25.210000000 – 25.520000000 — 55.975640436856 – 51.125277477051

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