LINK/USDT – 4H – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 15.660000000 is expected.
Caution: A possible change in the direction of the support zone at 13.540000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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