LINK/USDT – 1H – BUY

The pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance level at 12.06 will persist.

Caution: A possible reversal of the trend in the direction of the support line at 11.8 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 12.23 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 12.06 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

12.06 – 12.5 – 12.41 – 11.8 – 12.04 – 12.12 —
12.010000000 – 12.000000000 —
47.257823553574 – 40.76774866472 —
– —
12.06000 – 1769479200

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – – –