LINK/USDT – 1H – SELL

The combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 9.686 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Last Engulfing Top’ candle pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

9.686 – 9.672 – 9.651 – 9.36 – 9.25 – 9.059 —
9.449000000 – 9.377000000 —
49.061924262837 – 44.93902274402 —
– —
9.686 – 1779804000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Top – – –