LINK/USDT – 30M – BUYThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance at 7.942000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 7.753 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Latter Bottom’ candlestick pattern is existing. The chart forms ‘Latter Bottom’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 7.988 |
| Next High | 7.942000000 |
| Current Price | 7.890000000 |
| Next Low | 7.753 |
| 2nd Low | 7.688 |
| 3rd Low | 7.481 |
7.942000000 – 7.988 – 7.881 – 7.753 – 7.688 – 7.481 —
7.942000000 – 7.896000000 —
55.63096773547 – 49.812095200393 —
7.942000000 – 1781256600 —
– 1781256600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Latter Bottom – – –