LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support line at 11.61 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 11.95 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

11.95 – 12.02 – 12.19 – 11.69 – 11.84 – 11.8 —
11.930000000 – 11.780000000 —
50.381344381055 – 34.96105058922 —
– —
11.95000 – 1769630400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –