LINK/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

The pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support level at 11.74 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 12.47 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

12.47 – 13.01 – 13.88 – 12.03 – 12.37 – 13.62 —
12.390000000 – 12.430000000 —
42.801540131726 – 53.483589655378 —
– —
12.47000 – 1768971600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –