LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support line at 7.076 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 7.7 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. 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 | 8.371 |
| 2nd High | 8.155 |
| Next High | 7.7 |
| Current Price | 7.774000000 |
| Next Low | 7.076 |
| 2nd Low | 7.016 |
| 3rd Low | 7.01 |
7.338 – 7.501 – 7.358 – 7.076 – 7.121 – 7.202 —
7.460000000 – 7.944000000 —
56.474660913176 – 70.261521452308 —
– —
7.338 – 1782878400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – – –