LINK/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 8.82 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.59 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.9 |
| 2nd High | 9.78 |
| Next High | 9.59 |
| Current Price | 9.180000000 |
| Next Low | 9.15 |
| 2nd Low | 8.16 |
| 3rd Low | 8.05 |
9.59 – 8.63 – 8.28 – 9.15 – 8.16 – 8.05 —
9.310000000 – 9.200000000 —
53.769769427772 – 47.861300722134 —
– —
9.59 – 1772055000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –