LINK/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support line at 7.753 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 8.011 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Belt Hold’ candle 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 probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

8.011 – 7.988 – 7.901 – 7.753 – 7.688 – 7.481 —
8.010000000 – 8.002000000 —
57.910465594238 – 50.538791990771 —
– —
8.011 – 1781276400

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