LINK/USDT – 4H – BUYThe pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline upwards
An ascending movement up to the next resistance at 13.9 will continue.
Caution: A possible reversal of the trend in the direction of support at 11.89 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Advance Block’ candle chart pattern is discovered. The chart shows ‘Advance Block’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.93 |
| 2nd High | 14.4 |
| Next High | 13.9 |
| Current Price | 11.950000000 |
| Next Low | 11.89 |
| 2nd Low | 11.74 |
| 3rd Low | 11.61 |
13.9 – 14.4 – 13.03 – 11.89 – 13.43 – 12.93 —
12.280000000 – 12.130000000 —
37.840038155103 – 32.570494592624 —
– —
13.90000 – 1768665600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Advance Block – – –