LINK/USDT – 30M – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 8.89 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 9.160000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.93 |
| 2nd High | 9.34 |
| Next High | 9.160000000 |
| Current Price | 9.100000000 |
| Next Low | 8.89 |
| 2nd Low | 8.83 |
| 3rd Low | 8.4 |
9.160000000 – 9.1 – 9.34 – 8.89 – 9.03 – 9.08 —
9.160000000 – 9.160000000 —
60.006779590536 – 57.338065443943 —
9.160000000 – 1773970200 —
– 1773970200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – – –