There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 8.83 will continue.
Caution: A possible change in the direction of the resistance level at 9.6 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.9 |
| 2nd High | 9.64 |
| Next High | 9.6 |
| Current Price | 9.060000000 |
| Next Low | 8.83 |
| 2nd Low | 8.4 |
| 3rd Low | 8.21 |
9.6 – 9.4 – 9.11 – 8.83 – 8.86 – 8.85 —
9.180000000 – 9.130000000 —
48.952639051323 – 46.471275248212 —
– —
9.6 – 1773410400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –