The combination Chainlink/Tether (LINK/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 9.64 will continue.
Caution: A possible change in the direction of the support level at 8.56 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Bottom’ candle pattern is existing. The candles show ‘Tweezers Bottom’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.04 |
| 2nd High | 9.9 |
| Next High | 9.64 |
| Current Price | 9.480000000 |
| Next Low | 8.56 |
| 2nd Low | 8.54 |
| 3rd Low | 8.21 |
9.64 – 8.93 – 9.27 – 8.56 – 8.54 – 8.21 —
9.340000000 – 9.470000000 —
55.148715517302 – 63.389486847844 —
– —
9.64 – 1772650800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Tweezers Bottom – – –