LINK/USDT – 30M – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 9 is expected.
Caution: A possible counter-trend in the direction of the support level at 7.15 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.47 |
| 2nd High | 9.27 |
| Next High | 9 |
| Current Price | 8.930000000 |
| Next Low | 7.15 |
| 2nd Low | |
| 3rd Low |
9 – 8.37 – 9.27 – 7.15 – 9.02 – 9.08 —
9.000000000 – 8.910000000 —
70.609823866723 – 61.033844596964 —
– —
9 – 1770399000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –