The pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 7.15 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 8.62 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.02 |
| 2nd High | 8.67 |
| Next High | 8.62 |
| Current Price | 8.290000000 |
| Next Low | 7.15 |
| 2nd Low | |
| 3rd Low |
8.62 – 8.67 – 9.02 – 8.47 – 8.47 – 8.48 —
8.550000000 – 8.370000000 —
37.240848311155 – 30.192608467332 —
– —
8.62 – 1770777000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –