LINK/USDT – 1H – SELL

The pair Chainlink/Tether (LINK/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at 11.89 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 12.66 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 11.89 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 12.66 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Southern Doji’ chart pattern is existing. The candles show ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

12.66 – 12.47 – 13.01 – 11.89 – 12.03 – 12.37 —
12.500000000 – 12.480000000 —
52.423812558245 – 46.02107708514 —
– —
12.66000 – 1769032800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – – –