LINK/USDT – 1H – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 23.760000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 23.100000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.440000000 |
| 2nd High | 23.870000000 |
| Next High | 23.760000000 |
| Current Price | 23.420000000 |
| Next Low | 23.100000000 |
| 2nd Low | 22.970000000 |
| 3rd Low | 22.830000000 |
23.760000000 – 23.870000000 – 24.440000000 – 23.100000000 – 22.970000000 – 23.840000000 — 38.893295133447 – 46.925059870003
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Engulfing – – –