The pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 24.400000000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 23.840000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.640000000 |
| 2nd High | 25.020000000 |
| Next High | 24.400000000 |
| Current Price | 24.320000000 |
| Next Low | 23.840000000 |
| 2nd Low | 23.310000000 |
| 3rd Low | 23.200000000 |
24.400000000 – 25.020000000 – 25.640000000 – 23.840000000 – 24.470000000 – 24.440000000 — 51.583424986506 – 54.171989203997
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –