The combination Chainlink/Tether (LINK/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 14.54 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 11.98 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.25 |
| 2nd High | 16.02 |
| Next High | 14.54 |
| Current Price | 14.590000000 |
| Next Low | 11.98 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
13.5 – 12.22 – 12.22 – 11.98 – 11.74 – 12.04 — 71.142757493052 – 73.270695775421 — 19.442674738202 – 31.124194153467 – 13.814102299564 – 21.195185989417
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –