The combination Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 9.03 will persist.
Caution: A possible change in the direction of the resistance line at 9.34 could occur.
Consider stop-loss settings accordingly.
Moreover a ” indicator layout is existing. The indicator is ”. which is often a bearish signal. The currency pair is likely to fall.
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Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.95 |
| 2nd High | 9.93 |
| Next High | 9.34 |
| Current Price | 8.960000000 |
| Next Low | 9.03 |
| 2nd Low | 8.92 |
| 3rd Low | 8.89 |
9.34 – 9.93 – 9.95 – 9.03 – 9.08 – 9.75 —
9.110000000 – 9.150000000 —
33.298685969002 – 40.494530154448 —
– —
9.34 – 1773889200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –