The currency pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.
A descent down to the next support at 8.4 is certain.
Caution: A possible change in the direction of the resistance level at 9.3 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.49 |
| 2nd High | 9.33 |
| Next High | 9.3 |
| Current Price | 8.890000000 |
| Next Low | 8.4 |
| 2nd Low | 8.21 |
| 3rd Low | 8.16 |
8.87 – 8.7 – 8.78 – 8.4 – 8.5 – 8.53 —
8.960000000 – 9.000000000 —
57.582799152424 – 57.518577787293 —
– —
8.87 – 1773034200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –