And also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Chainlink/Tether (LINK/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 24.050000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 25.020000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.030000000 |
| 2nd High | 25.640000000 |
| Next High | 25.020000000 |
| Current Price | 24.610000000 |
| Next Low | 24.050000000 |
| 2nd Low | 23.680000000 |
| 3rd Low | 22.770000000 |
24.430000000 – 24.240000000 – 23.750000000 – 24.050000000 – 23.680000000 – 22.770000000 — 68.878807694809 – 63.518281350273
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –