LINK/USDT – 1H – BUYThe combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline up.
A bullish ascent up to the next resistance at 12.470000000 will continue.
Caution: A possible counter-trend in the direction of the support level at 12.03 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.88 |
| 2nd High | 13.01 |
| Next High | 12.470000000 |
| Current Price | 12.420000000 |
| Next Low | 12.03 |
| 2nd Low | 12.01 |
| 3rd Low | 11.74 |
12.470000000 – 13.01 – 13.88 – 12.03 – 12.37 – 13.62 —
12.470000000 – 12.200000000 —
49.744390754303 – 36.045659629864 —
12.470000000 – 1768971600 —
– 1768971600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – – –