LINK/USDT – 30M – SELL

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

A bearish movement down to the next support line at 7.15 is considered certain.

Caution: A possible change in the direction of the resistance zone at 9.01 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

9.01 – 9 – 8.37 – 7.15 – 9.02 – 9.08 —
8.890000000 – 8.940000000 —
58.810361681209 – 64.177148110893 —
– —
9.01 – 1770418800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –