LINK/USDT – 1H – BUYThe pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline up.
A bullish trend upwards to the next resistance level at 13.250000000 is certain.
Caution: A possible change in the direction of the support line at 11.690000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.660000000 |
| 2nd High | 13.790000000 |
| Next High | 13.250000000 |
| Current Price | 11.890000000 |
| Next Low | 11.690000000 |
| 2nd Low | 11.680000000 |
| 3rd Low | 10.440000000 |
13.250000000 – 13.790000000 – 13.600000000 – 11.690000000 – 12.630000000 – 12.800000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji