LINK/USDT – 4H – BUYBesides a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The currency pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 15.660000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 13.540000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle 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 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