LINK/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 9.02 is likely expected.

Caution: A possible change in the direction of resistance at 10.04 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

10.04 – 11 – 12.19 – 9.02 – 8.97 – 10.51 —
9.850000000 – 9.750000000 —
55.535119276208 – 49.951521277657 —
– —
10.04000 – 1770044400

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