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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.