LINK/USDT – 1H – SELL

In addition a ‘Double bottom retreat down’ chart formation is existing. The chart picture shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement downwards to the next support at 13.85 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 14.2 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Inside Down’ chart pattern is discovered. The candles show ‘Three Inside Down’. which 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

14.2 – 13.52 – 13.37 – 13.85 – 12.93 – 13.05 — 63.304648028548 – 54.28742006845 — 58.457536176901 – 40.973388976207 – 54.723923424807 – 51.422687117229

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Inside Down – Double bottom retreat down – –