LINK/USDT – 4H – BUYIn addition a ‘Double top retreat up’ chart layout is detected. The chart picture forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
The currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 14.54 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 7.9 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.66 |
| 2nd High | 16.8 |
| Next High | 14.54 |
| Current Price | 13.650000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
14.54 – 16.8 – 16.23 – 13.58 – 13.69 – 16.54 — 46.46887385858 – 48.600125444669 — 31.547945762436 – 62.977296181631 – 27.376909374065 – 36.970436565592
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double top retreat up – –