The pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 8.461 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
In addition a ” indicator layout is discovered. The indicator shows ”. this is usually a bearish signal. The pair is likely to go down.
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In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.57 |
| 2nd High | 8.494 |
| Next High | 8.461 |
| Current Price | 8.183000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
8.461 – 8.494 – 8.57 – 8.356 – 8.451 – 7.795 —
8.370000000 – 8.305000000 —
39.058253109867 – 39.692263467425 —
– —
8.461 – 1784235600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –