LINK/USDT – 30M – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 13.6 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 13.06 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.54 |
| 2nd High | 14.29 |
| Next High | 13.6 |
| Current Price | 13.730000000 |
| Next Low | 13.06 |
| 2nd Low | 7.9 |
| 3rd Low |
13.6 – 14.29 – 14.54 – 13.06 – 13.4 – 13.85 — 47.541180815213 – 61.508792065078 — 23.677374390167 – 53.64949629348 – 22.642180394163 – 32.395658830322
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Engulfing – – –