Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 18.880000000 is expected.
Caution: A possible change in the direction of resistance at 20.280000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 20.280000000 |
| Current Price | 18.850000000 |
| Next Low | 18.880000000 |
| 2nd Low | 17.590000000 |
| 3rd Low | 17.320000000 |
20.280000000 – 20.010000000 – 18.340000000 – 18.880000000 – 17.590000000 – 17.320000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern