The combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 23.670000000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 22.890000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 23.82 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 23.670000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 23.970000000 |
| 2nd High | 23.820000000 |
| Next High | 23.670000000 |
| Current Price | 23.650000000 |
| Next Low | 22.890000000 |
| 2nd Low | 22.830000000 |
| 3rd Low | 22.120000000 |
23.670000000 – 23.820000000 – 23.310000000 – 22.890000000 – 22.830000000 – 22.860000000 — 66.724668004842 – 67.104547056292
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –