LINK/USDT – 1H – BUY

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

A bullish movement up to the next resistance line at 8.57 will continue.

Caution: A possible change in the direction of the support line at 8.13 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

8.57 – 9.02 – 9.05 – 8.13 – 8.47 – 8.44 —
8.350000000 – 8.440000000 —
46.132046059191 – 55.444920503136 —
– —
8.57 – 1770818400

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Engulfing – – –