Sell LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 7.753 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 8.05 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 8.136
2nd High 8.128
Next High 8.05
Current Price 7.832000000
Next Low 7.753
2nd Low 7.688
3rd Low 7.481

8.05 – 8.011 – 7.988 – 7.753 – 7.688 – 7.481 —
7.934000000 – 7.932000000 —
43.583898654663 – 39.481549200681 —
– —
8.05 – 1781384400

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