LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support level at 11.84 is considered certain.

Caution: A possible change in the direction of the resistance line at 12.19 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 11.8 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 12.19 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

12.19 – 12.06 – 12.5 – 11.84 – 11.8 – 12.04 —
12.160000000 – 12.030000000 —
57.604696474525 – 48.600086391288 —
– —
12.19000 – 1769529600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – – –