LINK/USDT – 1H – SELL

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

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

Caution: A possible counter-trend in the direction of the resistance level at 7.988 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

7.988 – 7.901 – 8.128 – 7.753 – 7.688 – 7.481 —
7.927000000 – 7.922000000 —
54.828360710582 – 51.286234894673 —
– —
7.988 – 1781204400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –