LINK/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Chainlink/Tether (LINK/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 12.3 will persist.
Caution: A possible change in the direction of resistance at 13.21 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.29 |
| 2nd High | 14 |
| Next High | 13.21 |
| Current Price | 12.730000000 |
| Next Low | 12.3 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
13.21 – 12.85 – 12.75 – 12.3 – 12.35 – 11.74 — 49.309439552033 – 45.982038090062 — 6.4828033744322 – 2.1436296776985 – 14.734634139513 – 8.2171664948902
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –