LINK/USDT – 4H – SELL

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

A continuation of the downward movement downwards to the next support level at 11.61 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 14.54 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Last Engulfing Top’ candle pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

14.54 – 16.8 – 16.23 – 11.61 – 13.58 – 13.69 — 60.257126267289 – 52.586889724178 — 44.276016944827 – 37.510206895459 – 40.463430817129 – 39.28422538156

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Top – Double top retreat up – –