LINK/USDT – 1H – SELL

The pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 8.66 is expected.

Caution: A possible trend reversal in the direction of resistance at 8.95 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Current target is 8.82238 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 8.95 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

8.95 – 9 – 8.99 – 8.66 – 8.65 – 8.66 —
8.850000000 – 8.940000000 —
47.146301971789 – 57.638610879989 —
– —
8.95 – 1771344000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Double bottom retreat down – –