LINK/USDT – 1H – BUY

The pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.

An ascending movement up to the next resistance line at 13.42 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 13.12284 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 13.42 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

13.42 – 13.22 – 13.55 – 11.74 – 12.91 – 12.98 — 72.586796038232 – 82.194672394784 — 95.553257497415 – 100 – 95.553257497415 – 97.035504998276

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – Triple bottom chart pattern – –