LINK/USDT – 1H – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 14.480000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 13.540000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 14.48 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 14.480000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. this 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 | 17.160000000 |
| 2nd High | 16.190000000 |
| Next High | 14.480000000 |
| Current Price | 14.370000000 |
| Next Low | 13.540000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 12.520000000 |
13.980000000 – 14.080000000 – 14.040000000 – 13.540000000 – 13.550000000 – 12.640000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji