LINK/USDT – 30M – SELL

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

A bearish descent downwards to the next support at 8.86 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 9.18 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.18 – 9.04 – 9.19 – 8.86 – 8.9 – 8.85 —
9.020000000 – 8.900000000 —
47.098150879681 – 33.952547773574 —
– —
9.18 – 1773235800

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