LINK: CUP AND HANDLE confirmed, FALLING WEDGE forming
Hello Traders,
We are looking at the 1 hour chart of Chainlink.
As we can see, a cup and handle formation has formed which is considered a bullish signal.
Furthermore, also a falling wedge is forming / has formed.
Wedge patterns have a tendency to break in the opposite direction from the trend lines.
Which makes this signal a: bullish/bearish
b]leave your answer in the comment section!
This is not financial advice, I am not a financial advisor.
Click the like button and more ideas will follow.
Thanks.
We are looking at the 1 hour chart of Chainlink.
As we can see, a cup and handle formation has formed which is considered a bullish signal.
Furthermore, also a falling wedge is forming / has formed.
Wedge patterns have a tendency to break in the opposite direction from the trend lines.
Which makes this signal a: bullish/bearish
b]leave your answer in the comment section!
This is not financial advice, I am not a financial advisor.
Click the like button and more ideas will follow.
Thanks.
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