LINK/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support line at 8.65 is expected.

Caution: A possible counter-trend in the direction of resistance at 9 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 8.65 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 9 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ candle pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

9 – 8.99 – 8.86 – 8.65 – 8.66 – 8.68 —
8.770000000 – 8.900000000 —
37.261812461858 – 53.790858730545 —
– —
9 – 1771295400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –