The combination Chainlink/Tether (LINK/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 13.86 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 13.43 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.22 |
| 2nd High | 13.87 |
| Next High | 13.86 |
| Current Price | 13.740000000 |
| Next Low | 13.43 |
| 2nd Low | 13 |
| 3rd Low | 12.93 |
13.86 – 13.87 – 14.22 – 13.43 – 13.59 – 13.56 — 51.785339917765 – 55.45487600691 — 91.239695769045 – 92.466283518743 – 95.020009956061 – 92.917633712208
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom chart pattern – –