LINK/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support at 7.316 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 8.128 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

8.128 – 9.315 – 9.686 – 7.316 – 8.762 – 9.059 —
7.825000000 – 7.958000000 —
38.928782421087 – 50.213723664155 —
– —
8.128 – 1780948800

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