The currency pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 8.99 will continue.
Caution: A possible counter-trend in the direction of the support zone at could happen.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
Then a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 8.99 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 8.99 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.05 |
| 2nd High | 9.02 |
| Next High | 8.99 |
| Current Price | 8.890000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
8.99 – 8.86 – 8.91 – 8.65 – 8.66 – 8.68 —
8.960000000 – 8.920000000 —
55.767354666862 – 42.874914121802 —
– —
8.99 – 1771246800