The pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 7.953 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 7.764 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.128 |
| 2nd High | 8.044 |
| Next High | 7.953 |
| Current Price | 7.882000000 |
| Next Low | 7.764 |
| 2nd Low | 7.753 |
| 3rd Low | 7.688 |
7.953 – 8.044 – 8.128 – 7.764 – 7.811 – 7.772 —
7.930000000 – 7.900000000 —
53.589210486425 – 45.59662592276 —
– —
7.953 – 1781875800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –