LINK/USDT – 1H – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 12.06 is expected.
Caution: A possible trend reversal in the direction of the support zone at 11.8 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘ ‘ indicator signal is discovered. The indicator shows ‘ ‘. which could be a positive chart signal. The currency pair is likely to rise.
Next a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.66 |
| 2nd High | 12.5 |
| Next High | 12.06 |
| Current Price | 12.130000000 |
| Next Low | 11.8 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
12.06 – 12.5 – 12.41 – 11.8 – 12.04 – 12.12 —
11.930000000 – 12.050000000 —
40.909237552187 – 51.813238351713 —
– —
12.06000 – 1769479200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – – –