Next a ‘Double bottom chart pattern’ chart formation is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 24.200000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 23.110000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘StochRSI cross above 20’ indicator signal is existing. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 24.200000000 |
| Current Price | 24.550000000 |
| Next Low | 23.110000000 |
| 2nd Low | 21.020000000 |
| 3rd Low | 16.570000000 |
24.200000000 – 22.670000000 – 22.700000000 – 23.110000000 – 21.020000000 – 21.780000000 — 68.712804432415 – 73.639564605512
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –