LINK/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 9.02 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 9.9 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Last Engulfing Bottom:’ candlestick chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

9.9 – 10.04 – 11 – 9.02 – 9.08 – 9.02 —
9.400000000 – 9.170000000 —
38.898262505109 – 35.332567170493 —
– —
9.9 – 1770152400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –