LINK/USDT – 1H – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 9.87 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 9.09 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish pattern 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 | 9.95 |
| 2nd High | 9.93 |
| Next High | 9.87 |
| Current Price | 9.820000000 |
| Next Low | 9.09 |
| 2nd Low | 9.07 |
| 3rd Low | 9.06 |
9.66 – 9.21 – 9.25 – 9.09 – 9.07 – 9.06 —
9.750000000 – 9.850000000 —
68.392655602516 – 68.925829379629 —
– —
9.66 – 1777885200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – – –