The currency pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 9.301 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 8.795 should be noted.
Consider stop-loss settings accordingly.
Also there is 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 chart scenario. The pair is likely to go up.
Also there is 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 chart scenario. The pair is likely to go up.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.484 |
| 2nd High | 9.315 |
| Next High | 9.301 |
| Current Price | 9.178000000 |
| Next Low | 8.795 |
| 2nd Low | 8.762 |
| 3rd Low | 8.69 |
9.301 – 9.315 – 9.146 – 8.795 – 8.762 – 9.36 —
9.065000000 – 9.184000000 —
35.067233241578 – 39.296184005714 —
– —
9.301 – 1780192800