LINK/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support line at 12.920000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 13.22 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 12.885 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 13.22 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 13.22 |
| Current Price | 12.970000000 |
| Next Low | 12.920000000 |
| 2nd Low | 12.55 |
| 3rd Low | 12.35 |
13.22 – 13.05 – 13.21 – 12.920000000 – 12.55 – 12.66 — 47.325111062929 – 46.599187009346 — 50.301303173331 – 28.68767255227 – 53.766171896877 – 48.107067880761
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –