LINK/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 9.58 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 10.04 could occur.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

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

10.04 – 10.08 – 10.84 – 9.58 – 9.7 – 9.02 —
9.800000000 – 9.790000000 —
49.662736042171 – 48.316177726304 —
– —
10.04000 – 1770046200

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