LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support at 13.14 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 13.54 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 13.06 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 13.54 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

13.54 – 13.57 – 13.22 – 13.14 – 13.23 – 12.75 — 42.496581925549 – 42.496581925549 — 40.724772702816 – 19.074676926112 – 56.135730272997 – 42.011423761427

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –