LINK/USDT – 30M – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 12.06 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 11.84 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Belt Hold’ candle pattern is discovered. The chart shows ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.24 |
| Next High | 12.06 |
| Current Price | 12.120000000 |
| Next Low | 11.84 |
| 2nd Low | 11.8 |
| 3rd Low | 11.74 |
12.06 – 12.24 – 12.5 – 11.84 – 11.8 – 12.13 —
12.010000000 – 12.020000000 —
57.116218004247 – 50.993178415713 —
– —
12.06000 – 1769481000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –