LINK/USDT – 1H – BUY

The combination Chainlink/Tether (LINK/USDT) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 8.95 is likely expected.

Caution: A possible change in the direction of the support level at 8.66 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Inverted Hammer’ candle chart pattern is existing. The candles form ‘Inverted Hammer’. 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 success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).

8.95 – 9 – 8.99 – 8.66 – 8.65 – 8.66 —
8.900000000 – 8.890000000 —
51.679461116043 – 51.619906798049 —
– —
8.95 – 1771344000

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Inverted Hammer – – –