The pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 8.286 is certain.
Caution: A possible trend reversal in the direction of support at 8.006 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.494 |
| 2nd High | 8.461 |
| Next High | 8.286 |
| Current Price | 8.245000000 |
| Next Low | 8.006 |
| 2nd Low | 7.795 |
| 3rd Low | 7.709 |
8.286 – 8.461 – 8.494 – 8.006 – 8.356 – 8.451 —
8.243000000 – 8.267000000 —
52.230128587718 – 53.127810671816 —
– —
8.286 – 1784307600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –