LINK/USDT – 30M – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 12.37 is certain.
Caution: A possible reversal of the trend in the direction of support at 11.61 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 12.805 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 12.37 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.37 |
| Current Price | 12.230000000 |
| Next Low | 11.61 |
| 2nd Low | 7.9 |
| 3rd Low |
12.37 – 13.34 – 14 – 11.61 – 12.77 – 12.77 — 51.118884450992 – 52.815800334684 — 89.802072306162 – 100 – 82.776003420737 – 90.964286094148
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –