LINK/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 8.65 will continue.

Caution: A possible change in the direction of the resistance line at 9 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

9 – 8.99 – 8.91 – 8.65 – 8.66 – 8.17 —
8.780000000 – 8.930000000 —
44.258956318243 – 54.439868805575 —
– —
9 – 1771293600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –