LINK/USDT – 30M – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 12.37 is certain.
Caution: A possible change in the direction of the support line at 11.61 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.37 |
| Current Price | 12.110000000 |
| Next Low | 11.61 |
| 2nd Low | 7.9 |
| 3rd Low |
12.37 – 13.34 – 14 – 11.61 – 12.77 – 12.77 — 48.218397403367 – 48.527674897832 — 49.235754936566 – 57.467999727882 – 57.517640247843 – 52.391555316118
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –