LINK/USDT – 30M – BUYThen a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The combination Chainlink/Tether (LINK/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 14.630000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 14.320000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.190000000 |
| 2nd High | 15.930000000 |
| Next High | 14.630000000 |
| Current Price | 14.930000000 |
| Next Low | 14.320000000 |
| 2nd Low | 13.540000000 |
| 3rd Low | 12.640000000 |
14.630000000 – 13.980000000 – 13.880000000 – 14.320000000 – 13.540000000 – 13.550000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Three Outside Up