LINK/USDT – 30M – BUYThe currency pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline upwards
A bullish trend up to the next resistance level at 12.750000000 is likely expected.
Caution: A possible trend reversal in the direction of support at 11.680000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 12.050000000 |
| Next Low | 11.680000000 |
| 2nd Low | 11.050000000 |
| 3rd Low | 10.440000000 |
12.750000000 – 13.250000000 – 13.230000000 – 12.580000000 – 12.630000000 – 12.800000000
Trading Signals: FOREX – LINK – LINK/USDT – USDT – Northern Doji