The combination Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 14.54 is expected.
Caution: A possible trend reversal in the direction of the support zone at should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going 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 | 13.320000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
14.54 – 16.8 – 16.23 – 11.61 – 13.58 – 13.69 — 53.738107523709 – 56.402932989224 — 29.175080885067 – 50.845764662454 – 21.286343994962 – 32.727509608495
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Triple top chart pattern – –