LINK/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Chainlink/Tether (LINK/USDT) moves from the bullish trendline downwards

A bearish descent downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 7.994 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Last Engulfing Bottom:’ candlestick pattern is found. The candles form ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

7.994 – 8.011 – 8.015 – 7.898 – 7.824 – 7.864 —
7.837000000 – 7.953000000 —
29.644285868529 – 49.395280049366 —
– —
7.994 – 1782057600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –