LINK/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline down.

The bearish trend down to the next support level at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 13.88 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 13.015 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 13.88 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Matching Low’ candlestick pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

13.88 – 13.58 – 13.15 – 13.4 – 13.31 – 12.82 — 45.050670196841 – 44.362970134085 — 49.335415582162 – 27.312163803575 – 67.538626163038 – 53.105442767077

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –