LINK/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

The currency pair Chainlink/Tether (LINK/USDT) goes from the bullish trendline downwards

A descent downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 8.6 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

8.6 – 8.57 – 9.02 – 8.17 – 8.13 – 8.47 —
8.330000000 – 8.450000000 —
40.027607754474 – 53.828611686864 —
– —
8.6 – 1770894000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –