LINK/USDT – 1H – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 14.29 is likely expected.
Caution: A possible change in the direction of the support level at 13.06 could occur.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.02 |
| 2nd High | 14.54 |
| Next High | 14.29 |
| Current Price | 13.900000000 |
| Next Low | 13.06 |
| 2nd Low | 7.9 |
| 3rd Low |
14.29 – 14.54 – 14.34 – 13.06 – 13.4 – 13.85 — 57.685967009567 – 63.525558148468 — 67.004165331624 – 84.677987824415 – 63.396933960813 – 69.731211506284
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom chart pattern – –