LINK/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 7.772 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 8.044 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 7.772 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 8.044 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Inside Down’ candlestick pattern is detected. The candles form ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

8.044 – 8.128 – 8.137 – 7.772 – 7.89 – 7.937 —
8.005000000 – 7.920000000 —
52.079219710697 – 46.123161489753 —
– —
8.044 – 1781830800

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