The pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 8.7 will continue.
Caution: A possible trend reversal in the direction of the support level at 8.4 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 8.865 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 8.7 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.3 |
| 2nd High | 8.78 |
| Next High | 8.7 |
| Current Price | 8.710000000 |
| Next Low | 8.4 |
| 2nd Low | 8.21 |
| 3rd Low | 8.16 |
8.7 – 8.78 – 9.3 – 8.4 – 8.5 – 8.53 —
8.590000000 – 8.560000000 —
44.742929795837 – 43.892296254195 —
– —
8.7 – 1773001800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – – –