LINK/USDT – 1H – SELL

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

The bearish trend down to the next support at 22.180000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 23.970000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

23.970000000 – 23.870000000 – 24.060000000 – 22.180000000 – 22.650000000 – 22.090000000 — 37.029520849096 – 36.842308551498

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