LINK/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 22.650000000 will continue.

Caution: A possible change in the direction of the resistance line at 23.970000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 22.49232 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 23.970000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

23.970000000 – 23.910000000 – 23.610000000 – 23.140000000 – 23.210000000 – 22.650000000 — 29.445014602729 – 26.844745181859

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –