Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline downwards
A descent downwards to the next support level at 24.050000000 is certain.
Caution: A possible change in the direction of resistance at 25.020000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – –