There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 8.92 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 9.32 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.64 |
| 2nd High | 9.6 |
| Next High | 9.32 |
| Current Price | 9.150000000 |
| Next Low | 8.92 |
| 2nd Low | 8.89 |
| 3rd Low | 8.83 |
9.32 – 9.14 – 9.6 – 8.92 – 9.02 – 9.16 —
9.210000000 – 9.240000000 —
40.805214880151 – 53.749794828996 —
– —
9.32 – 1773565200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern – –