LINK/USDT – 30M – SELL

The combination Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.

A continuation of the downward movement down to the next support at 8.13 is likely expected.

Caution: A possible change in the direction of the resistance zone at 8.460000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

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

Moreover a ‘StochOSC Hidden Bearish Divergence’ indicator layout is found. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 8.24556 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 8.460000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

8.460000000 – 8.57 – 8.62 – 8.13 – 8.47 – 8.47 —
8.460000000 – 8.440000000 —
55.213377534099 – 57.13561466878 —
8.460000000 – 1770845400 —
– 1770845400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – – –