LINK/USDT – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 7.799 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 8.469 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.876 |
| 2nd High | 8.616 |
| Next High | 8.469 |
| Current Price | 8.014000000 |
| Next Low | 7.807 |
| 2nd Low | 7.799 |
| 3rd Low | 7.15 |
8.469 – 8.616 – 8.876 – 7.807 – 7.799 – 8.17 —
7.944000000 – 8.132000000 —
40.545370312346 – 50.673991820139 —
– —
8.469 – 1780524000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – – –