LINK/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 7.202 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 7.358 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 7.247 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 7.358 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

7.358 – 7.478 – 7.417 – 7.202 – 7.16 – 7.22 —
7.355000000 – 7.411000000 —
55.725473098894 – 55.831090560862 —
– —
7.358 – 1782633600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – – –