LINK/USDT – 4H – SELL

The combination Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.

A descending movement downwards to the next support line at 23.360000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 26.760000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

26.760000000 – 24.740000000 – 17.200000000 – 23.360000000 – 21.360000000 – 21.020000000 — 60.648517103139 – 55.504228774494

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –