LINK/USDT – 1H – SELL

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

A descending movement downwards to the next support level at 8.45 will persist.

Caution: A possible change in the direction of the resistance line at 9.59 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Matching Low’ candlestick pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

9.59 – 9.05 – 9.02 – 8.45 – 8.35 – 8.52 —
9.440000000 – 9.340000000 —
65.493609972615 – 62.296024803752 —
– —
9.59 – 1772053200

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