LINK/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation 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) moves from the bullish trendline downwards

The bearish trend downwards to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 8.128 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

8.128 – 8.035 – 8.136 – 7.797 – 7.316 – 7.799 —
7.954000000 – 7.930000000 —
47.337914605157 – 52.67434951618 —
– —
8.128 – 1780952400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –