LINK/USDT – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The pair Chainlink/Tether (LINK/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 23.610000000 will persist.
Caution: A possible change in the direction of the support level at 23.210000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 23.87 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 23.610000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish 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 | 24.060000000 |
| 2nd High | 23.870000000 |
| Next High | 23.610000000 |
| Current Price | 23.660000000 |
| Next Low | 23.210000000 |
| 2nd Low | 22.650000000 |
| 3rd Low | 22.090000000 |
23.610000000 – 23.540000000 – 23.530000000 – 23.210000000 – 22.650000000 – 22.090000000 — 57.968022846053 – 60.080930571459
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Double bottom chart pattern – –