LINK/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.
A bearish movement down to the next support line at 18.220000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 19.070000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.990000000 |
| 2nd High | 19.760000000 |
| Next High | 19.070000000 |
| Current Price | 18.740000000 |
| Next Low | 18.220000000 |
| 2nd Low | 18.160000000 |
| 3rd Low | 17.410000000 |
19.070000000 – 18.490000000 – 18.460000000 – 18.220000000 – 18.160000000 – 17.410000000 — 52.506414254005 – 52.016669846191
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –