LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 13.62 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 13.9 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 13.665 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 13.9 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle pattern is existing. 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).

13.9 – 13.75 – 13.86 – 13.62 – 13.68 – 13.63 — 50.332344617683 – 46.851038217912 — 72.439767695935 – 46.887758035766 – 85.458953865026 – 70.348647768003

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –