LINK/USDT – 30M – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 12.6 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 11.74 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 12.93172 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 12.6 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.6 |
| Current Price | 12.550000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
12.6 – 12.1 – 12.37 – 11.74 – 11.75 – 11.79 — 63.143937978784 – 65.213094030172 — 46.531409049711 – 57.657045248553 – 32.199214483255 – 45.66687582793
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –