Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Chainlink/Tether (LINK/USDT) moves from the ascending trendline down.
A bearish trend down to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 10.13 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 9.675 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 10.13 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.84 |
| 2nd High | 10.26 |
| Next High | 10.13 |
| Current Price | 9.920000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
10.13 – 10.07 – 10.26 – 9.85 – 9.88 – 9.32 —
10.020000000 – 10.070000000 —
50.356440381494 – 54.036087251679 —
– —
10.13 – 1778139000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –