LINK/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support line at 13.31 will persist.
Caution: A possible counter-trend in the direction of resistance at 14.13 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.93 |
| 2nd High | 14.35 |
| Next High | 14.13 |
| Current Price | 13.710000000 |
| Next Low | 13.31 |
| 2nd Low | 12.15 |
| 3rd Low | 12.05 |
14.13 – 13.88 – 12.55 – 13.31 – 12.15 – 12.19 — 49.288488793259 – 48.191874809642 — 15.17337382941 – 11.459124272336 – 16.092972243314 – 16.123203689643
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –