LINK/USDT – 1H – SELLThe currency pair Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 8.56 will continue.
Caution: A possible change in the direction of the resistance zone at 9.64 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 10.04 |
| 2nd High | 9.9 |
| Next High | 9.64 |
| Current Price | 9.240000000 |
| Next Low | 8.56 |
| 2nd Low | 8.54 |
| 3rd Low | 8.21 |
9.64 – 8.93 – 9.27 – 8.56 – 8.54 – 8.21 —
9.300000000 – 9.490000000 —
55.07816931142 – 55.669616690568 —
– —
9.64 – 1772650800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –