LINK/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 8.83 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 9.18 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ heading down is 79%.

9.18 – 9.19 – 9.1 – 8.83 – 8.86 – 8.85 —
9.010000000 – 9.090000000 —
50.190649393583 – 54.856519501284 —
– —
9.18 – 1773234000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – – –