LINK/USDT – 4H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descent downwards to the next support at 8.83 will continue.

Caution: A possible change in the direction of the resistance line at 9.6 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 8.845 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 9.6 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Belt Hold’ chart pattern is existing. The chart forms ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

9.6 – 9.19 – 9.64 – 8.83 – 8.4 – 8.21 —
9.130000000 – 9.270000000 —
52.933601211977 – 58.50695867285 —
– —
9.6 – 1773403200

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –