Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Chainlink/Tether (LINK/USDT) moves from the bullish trendline downwards
A descent down to the next support line at 10.03 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 10.81 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11 |
| 2nd High | 10.87 |
| Next High | 10.81 |
| Current Price | 10.210000000 |
| Next Low | 10.03 |
| 2nd Low | 9.77 |
| 3rd Low | 9.09 |
10.81 – 10.71 – 10.87 – 10.03 – 10.09 – 10.4 —
10.280000000 – 10.270000000 —
46.7370053491 – 47.492275968636 —
– —
10.81 – 1778662800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –