LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 13.26 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 13.03 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 13.26 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.94 |
| 2nd High | 13.45 |
| Next High | 13.26 |
| Current Price | 13.140000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
13.26 – 13.45 – 13.38 – 13.12 – 13.07 – 13.03 — 47.91436165606 – 43.836442947781 — 71.954948947823 – 38.797411321373 – 84.107929352761 – 68.758293177716
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –