LINK/USDT – 4H – BUYThe pair Chainlink/Tether (LINK/USDT) moves from the descending trendline upwards
A bullish trend up to the next resistance line at 14.54 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 7.9 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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 | 17.66 |
| 2nd High | 16.8 |
| Next High | 14.54 |
| Current Price | 12.120000000 |
| Next Low | 7.9 |
| 2nd Low | |
| 3rd Low |
14.54 – 16.8 – 16.23 – 13.58 – 13.69 – 16.54 — 28.055234264115 – 32.647218485087 — 0.56464250100366 – 7.0735718818395 – 8.473867226039 – 5.149200144115
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –