Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A descent down to the next support level at 22.650000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 23.540000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. 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 | 24.060000000 |
| 2nd High | 23.870000000 |
| Next High | 23.540000000 |
| Current Price | 23.230000000 |
| Next Low | 22.650000000 |
| 2nd Low | 22.090000000 |
| 3rd Low | 21.390000000 |
23.540000000 – 23.530000000 – 23.870000000 – 22.650000000 – 22.090000000 – 22.710000000 — 49.395457200489 – 46.959774904435
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –