LINK/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 7.15 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 8.62 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

8.62 – 8.67 – 9.02 – 8.47 – 8.47 – 8.48 —
8.260000000 – 8.360000000 —
24.204432095716 – 47.633733245688 —
– —
8.62 – 1770777000

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