LINK/USDT – 4H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support at 24.090000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 27.870000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going 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 – –