LINK/USDT – 1H – SELL

The pair Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 7.688 will persist.

Caution: A possible trend reversal in the direction of resistance at 7.988 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish signal. 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 Engulfing’ going down is 79%.

7.988 – 7.901 – 8.128 – 7.688 – 7.481 – 7.65 —
7.919000000 – 7.927000000 —
57.729443625511 – 54.828361016686 —
– —
7.988 – 1781204400

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