Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support line at 18.880000000 is certain.
Caution: A possible change in the direction of the resistance level at 20.280000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 20.280000000 |
| Current Price | 18.850000000 |
| Next Low | 18.880000000 |
| 2nd Low | 17.590000000 |
| 3rd Low | 17.320000000 |
20.280000000 – 20.010000000 – 18.340000000 – 18.880000000 – 17.590000000 – 17.320000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern