LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) goes from the bullish trendline down.

A descent downwards to the next support level at 13.31 is expected.

Caution: A possible trend reversal in the direction of resistance at 13.88 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

13.88 – 12.55 – 12.61 – 13.31 – 12.15 – 12.19 — 67.851401497476 – 60.780077928915 — 95.170535326778 – 81.725257785959 – 90.465368272501 – 88.017171582436

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –