The combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 9.9 is likely expected.
Caution: A possible trend reversal in the direction of the support level at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11 |
| 2nd High | 10.04 |
| Next High | 9.9 |
| Current Price | 8.890000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
9.9 – 10.04 – 11 – 7.15 – 9.02 – 9.08 —
8.130000000 – 8.640000000 —
36.393620040485 – 57.485412540976 —
– —
9.9 – 1770152400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – – –