LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 9.06 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 9.28 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

9.28 – 9.42 – 9.6 – 9.06 – 8.91 – 9.15 —
9.170000000 – 9.190000000 —
51.414204416815 – 49.591855612387 —
– —
9.28 – 1777640400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –