LINK/USDT – 1H – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 10.04 will continue.
Caution: A possible counter-trend in the direction of support at 9.02 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candle pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.19 |
| 2nd High | 11 |
| Next High | 10.04 |
| Current Price | 9.750000000 |
| Next Low | 9.02 |
| 2nd Low | 8.97 |
| 3rd Low | 7.9 |
10.04 – 11 – 12.19 – 9.02 – 8.97 – 10.51 —
9.750000000 – 9.720000000 —
49.951521230007 – 50.135475821539 —
– —
10.04 – 1770044400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –