LINK/USDT – 30M – BUYIn addition a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 15.520000000 is expected.
Caution: A possible change in the direction of the support line at 15.070000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.930000000 |
| 2nd High | 15.530000000 |
| Next High | 15.520000000 |
| Current Price | 15.610000000 |
| Next Low | 15.070000000 |
| 2nd Low | 14.320000000 |
| 3rd Low | 13.540000000 |
15.520000000 – 15.530000000 – 14.630000000 – 15.070000000 – 15.130000000 – 14.320000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji