LINK/USDT – 30M – BUYAdditionally a ‘Double top retreat up’ chart pattern is discovered. The chart picture forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
The currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 12.750000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 12.580000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.790000000 |
| 2nd High | 13.250000000 |
| Next High | 12.750000000 |
| Current Price | 12.560000000 |
| Next Low | 12.580000000 |
| 2nd Low | 12.520000000 |
| 3rd Low | 12.430000000 |
12.750000000 – 13.250000000 – 13.230000000 – 12.580000000 – 12.630000000 – 12.800000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji