LINK/USDT – 4H – SELL

The combination Chainlink/Tether (LINK/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at 8.21 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 9.64 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

9.64 – 9.27 – 9.59 – 8.21 – 8.05 – 8.35 —
9.330000000 – 8.810000000 —
54.902201153658 – 37.995476605531 —
– —
9.64 – 1772640000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – – –