LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 7.9 will persist.
Caution: A possible counter-trend in the direction of resistance at 13.34 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.29 |
| 2nd High | 14 |
| Next High | 13.34 |
| Current Price | 11.630000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
13.34 – 14 – 13.56 – 12.77 – 12.77 – 13.12 — 22.138424053665 – 18.160626317532 — 10.446926242743 – 8.086978355157 – 7.4533987655722 – 9.3624089214292
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –