Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The combination Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 7.769 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 8.128 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Southern Doji’ candlestick pattern is existing. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.418 |
| 2nd High | 8.371 |
| Next High | 8.128 |
| Current Price | 7.987000000 |
| Next Low | 7.769 |
| 2nd Low | 7.764 |
| 3rd Low | 7.753 |
8.023 – 8.011 – 8.015 – 7.769 – 7.898 – 7.824 —
7.995000000 – 8.149000000 —
54.499988847972 – 54.004366948862 —
– —
8.023 – 1782090000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –