LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 8.86 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 9.19 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

9.19 – 9.1 – 8.78 – 8.86 – 8.85 – 8.4 —
8.970000000 – 9.180000000 —
47.820807695567 – 56.212680936747 —
– —
9.19 – 1773154800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –