LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A descent down to the next support at 8.13 is certain.
Caution: A possible trend reversal in the direction of resistance at 8.600000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.05 |
| 2nd High | 9.02 |
| Next High | 8.600000000 |
| Current Price | 8.240000000 |
| Next Low | 8.13 |
| 2nd Low | 7.15 |
| 3rd Low |
8.600000000 – 8.57 – 9.02 – 8.13 – 8.47 – 8.44 —
8.600000000 – 8.300000000 —
63.454533659758 – 41.71112861339 —
8.600000000 – 1770894000 —
– 1770894000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –