LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance line at 14 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.54 |
| 2nd High | 14.29 |
| Next High | 14 |
| Current Price | 12.470000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
14 – 14 – 14.29 – 11.74 – 11.61 – 12.77 — 52.589068362196 – 49.873893690766 — 43.89462348646 – 20.437055130933 – 54.219525648097 – 42.09019515142
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Triple top chart pattern – –