LINK/USDT – 4H – SELL

The currency pair Chainlink/Tether (LINK/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support line at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 9.280000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

9.280000000 – 9.42 – 9.6 – 8.91 – 9.15 – 9.14 —
9.280000000 – 9.180000000 —
51.140733221405 – 49.614707025319 —
9.280000000 – 1777636800 —
– 1777636800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –