LINK/USDT – 30M – SELL

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

A bearish trend downwards to the next support level at 8.68 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 8.86 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 8.52 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 8.86 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

8.86 – 8.91 – 8.45 – 8.68 – 8.3 – 8.17 —
8.830000000 – 8.810000000 —
50.858979418778 – 57.075879671649 —
– —
8.86 – 1771200000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –