LINK/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support line at 24.090000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 27.870000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.870000000 |
| Current Price | 25.480000000 |
| Next Low | 24.090000000 |
| 2nd Low | 23.360000000 |
| 3rd Low | 21.360000000 |
27.870000000 – 26.890000000 – 26.760000000 – 24.090000000 – 23.360000000 – 21.360000000 — 50.276008705774 – 49.251758058836
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –