LINK/USDT – 30M – SELL

The currency pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 9.77 is expected.

Caution: A possible change in the direction of resistance at 10.5 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

10.5 – 9.96 – 10.13 – 9.77 – 9.8 – 9.85 —
10.400000000 – 10.600000000 —
70.679239051965 – 73.066429587317 —
– —
10.5 – 1778263200

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