LINK/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 9.02 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.9 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

9.9 – 10.04 – 11 – 9.02 – 9.08 – 9.02 —
9.460000000 – 9.310000000 —
47.849981187699 – 37.628172263241 —
– —
9.9 – 1770152400

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