LINK/USDT – 1H – SELL

The currency pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards

A descent down to the next support at 12.12 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 12.66 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

12.66 – 12.47 – 13.01 – 12.12 – 11.89 – 12.03 —
12.270000000 – 12.390000000 —
45.397161280692 – 46.348068466602 —
– —
12.66000 – 1769032800

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