LINK/USDT – 30M – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 13.94 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 13.29 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Tweezers Bottom’ candlestick chart pattern is found. The candles form ‘Tweezers Bottom’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.24 |
| 2nd High | 14.07 |
| Next High | 13.94 |
| Current Price | 13.440000000 |
| Next Low | 13.29 |
| 2nd Low | 12.82 |
| 3rd Low | 12.15 |
13.94 – 14.07 – 14.24 – 13.29 – 13.68 – 13.47 — 39.894381021864 – 48.340892257284 — 32.182447568401 – 33.765740763297 – 54.567028134957 – 41.113096105841
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Tweezers Bottom – Triple top chart pattern – –