LINK/USDT – 30M – BUY

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

An ascent up to the next resistance line at 8.45 is expected.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 8.49942 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 8.45 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

8.45 – 8.6 – 8.46 – 8.17 – 8.13 – 8.47 —
8.420000000 – 8.380000000 —
53.66319033301 – 42.557402557492 —
– —
8.45 – 1770940800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – Head and Shoulder chart pattern – –