LINK/USDT – 30M – SELL

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

The bearish trend down to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 8.6 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Matching Low’ chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

8.6 – 8.219 – 8.05 – 7.783 – 7.938 – 7.858 —
8.497000000 – 8.378000000 —
60.221414513086 – 46.711500982403 —
– —
8.6 – 1781537400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –