And also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 13.31 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 14.24 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.93 |
| 2nd High | 14.35 |
| Next High | 14.24 |
| Current Price | 13.720000000 |
| Next Low | 13.31 |
| 2nd Low | 12.15 |
| 3rd Low | 12.05 |
14.24 – 14.13 – 13.88 – 13.31 – 12.15 – 12.19 — 49.332381904635 – 47.059062433346 — 57.872307453897 – 46.832222738778 – 60.422370301496 – 57.41257296348
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern – –