LINK/USDT – 1H – BUYThe pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 13.42 is expected.
Caution: A possible trend reversal in the direction of the support zone at 11.74 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The 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 | 13.57 |
| 2nd High | 13.55 |
| Next High | 13.42 |
| Current Price | 13.370000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
13.42 – 13.22 – 13.55 – 11.74 – 12.91 – 12.98 — 79.958027447282 – 80.478313636192 — 95.350932735863 – 93.985517834819 – 97.496468754566 – 95.491641366173
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Triple bottom chart pattern – –