LINK/USDT – 1H – SELL

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

A bearish movement downwards to the next support at 7.753 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 8.011 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Last Engulfing Top’ candle pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

8.011 – 7.988 – 7.901 – 7.753 – 7.688 – 7.481 —
7.971000000 – 8.016000000 —
59.461649500019 – 62.891249374997 —
– —
8.011 – 1781276400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Last Engulfing Top – – –