The combination Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 8.73 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 9.3 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.49 |
| 2nd High | 9.33 |
| Next High | 9.3 |
| Current Price | 8.710000000 |
| Next Low | 8.73 |
| 2nd Low | 8.68 |
| 3rd Low | 8.56 |
9.3 – 9.33 – 9.49 – 8.73 – 9.07 – 9.18 —
8.800000000 – 8.810000000 —
30.187284677246 – 38.648432855838 —
– —
9.3 – 1772782200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –