LINK/USDT – 1H – SELL

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 7.7655 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 8.05 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Collapsing Doji Star’ candle pattern is discovered. The chart forms ‘Collapsing Doji Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

8.05 – 8.011 – 7.988 – 7.753 – 7.688 – 7.481 —
8.024000000 – 7.934000000 —
54.243568643413 – 43.58389949604 —
– —
8.05 – 1781384400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –