LINK/USDT – 30M – BUYThe combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascent up to the next resistance line at 12.06 is likely expected.
Caution: A possible trend reversal in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 12.15 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 12.06 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The 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 | 12.5 |
| 2nd High | 12.24 |
| Next High | 12.06 |
| Current Price | 12.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
12.06 – 12.24 – 12.5 – 11.8 – 12.13 – 12.12 —
11.930000000 – 12.000000000 —
40.951585920422 – 46.463359127591 —
– —
12.06000 – 1769481000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –