LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 7.753 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 8.05 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. 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 | 8.136 |
| 2nd High | 8.128 |
| Next High | 8.05 |
| Current Price | 7.816000000 |
| Next Low | 7.753 |
| 2nd Low | 7.688 |
| 3rd Low | 7.481 |
8.05 – 8.011 – 7.988 – 7.753 – 7.688 – 7.481 —
7.932000000 – 7.851000000 —
42.774080388182 – 34.774441926887 —
– —
8.05 – 1781384400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – – –