LINK/USDT – 4H – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 15.660000000 is expected.
Caution: A possible change in the direction of the support level at 13.540000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency 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 | 17.160000000 |
| 2nd High | 16.190000000 |
| Next High | 15.660000000 |
| Current Price | 13.230000000 |
| Next Low | 13.540000000 |
| 2nd Low | 12.640000000 |
| 3rd Low | 10.100000000 |
15.660000000 – 14.080000000 – 14.480000000 – 13.540000000 – 12.640000000 – 13.390000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji