The combination Chainlink/Tether (LINK/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at is expected.
Caution: A possible change in the direction of resistance at 7.881 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.93 |
| 2nd High | 7.901 |
| Next High | 7.881 |
| Current Price | 7.719000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
7.881 – 7.901 – 7.93 – 7.481 – 7.612 – 7.65 —
7.859000000 – 7.783000000 —
50.175397298763 – 48.281859100773 —
– —
7.881 – 1781177400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –