LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at is certain.
Caution: A possible counter-trend in the direction of resistance at 8.89 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.21 |
| 2nd High | 9.06 |
| Next High | 8.89 |
| Current Price | 8.670000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
8.89 – 9.06 – 9.21 – 8.54 – 8.21 – 8.55 —
8.690000000 – 8.710000000 —
40.538029573889 – 44.753272335822 —
– —
8.89 – 1772413200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –