LINK/USDT – 30M – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 14.630000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 13.540000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Tweezers Bottom’ candlestick pattern is detected. The candles form ‘Tweezers Bottom’. which is a positive 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 ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.190000000 |
| 2nd High | 15.930000000 |
| Next High | 14.630000000 |
| Current Price | 14.500000000 |
| Next Low | 13.540000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 12.520000000 |
14.630000000 – 13.980000000 – 13.880000000 – 13.540000000 – 13.550000000 – 13.760000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Tweezers Bottom