LINK/USDT – 1H – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 8.633000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 7.795 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 8.633000000 |
| Current Price | 8.548000000 |
| Next Low | 7.795 |
| 2nd Low | 7.674 |
| 3rd Low | 7.57 |
8.633000000 – 8.406 – 8.12 – 7.795 – 7.854 – 7.674 —
8.633000000 – 8.541000000 —
67.084190058025 – 61.465142178689 —
8.633000000 – 1784120400 —
– 1784120400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Northern Doji – – –