LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards

A descending movement downwards to the next support level at 9.1 will persist.

Caution: A possible change in the direction of the resistance line at 9.380000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 8.93 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 9.380000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Southern Doji’ candlestick chart pattern is existing. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

9.380000000 – 9.87 – 9.68 – 9.1 – 9.34 – 9.11 —
9.380000000 – 9.180000000 —
52.04206474427 – 38.12083671743 —
9.380000000 – 1776603600 —
– 1776603600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –