LINK/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 12.23 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 12.24 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.66 |
| 2nd High | 12.5 |
| Next High | 12.24 |
| Current Price | 12.030000000 |
| Next Low | 11.8 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
12.24 – 12.5 – 12.41 – 11.8 – 12.13 – 12.12 —
12.010000000 – 12.060000000 —
46.642546989699 – 52.497017951288 —
– —
12.24000 – 1769279400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Engulfing – – –