LINK/USDT – 30M – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 14.080000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 13.540000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.600000000 |
| 2nd High | 14.480000000 |
| Next High | 14.080000000 |
| Current Price | 14.310000000 |
| Next Low | 13.540000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 12.520000000 |
13.980000000 – 13.880000000 – 13.920000000 – 13.540000000 – 13.550000000 – 13.760000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Bullish Belt Hold