LINK/USDT – 4H – SELL

The pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 11.61 is likely expected.

Caution: A possible change in the direction of resistance at 13.9 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

13.9 – 14.4 – 13.03 – 11.8 – 11.89 – 13.43 —
11.870000000 – 11.000000000 —
30.606432177221 – 22.61553125054 —
– —
13.90000 – 1768665600

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – – –