Also there is a ‘Triple bottom chart pattern’ chart pattern is found. The chart picture forms ‘Triple bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 13.42 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 11.98 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 13.57 |
| 2nd High | 13.54 |
| Next High | 13.42 |
| Current Price | 12.350000000 |
| Next Low | 11.98 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
12.22 – 12.22 – 13.42 – 11.98 – 11.74 – 12.04 — 60.345275983334 – 67.373850814997 — 87.584988962472 – 87.584988962472 – 93.591758646063 – 89.453421633554
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – Triple bottom chart pattern – –