Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support level at 21.020000000 will continue.
Caution: A possible change in the direction of resistance at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 23.780000000 |
| Next Low | 21.020000000 |
| 2nd Low | 16.570000000 |
| 3rd Low | 16.030000000 |
22.700000000 – 21.470000000 – 16.910000000 – 21.020000000 – 21.150000000 – 16.570000000 — 64.33450445693 – 57.214543595979
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –