LINK/USDT – 1H – BUY

The combination Chainlink/Tether (LINK/USDT) jumps from the bullish trendline up.

A continuation of the bullish trend up to the next resistance line at 13.88 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 13.31 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 13.88 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 13.88 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

13.88 – 12.55 – 12.61 – 13.31 – 12.15 – 12.19 — 56.447285945721 – 61.089221153987 — 18.404768140612 – 32.375552838036 – 17.87576697642 – 22.04586393882

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom chart pattern – –