The combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline up.
A bullish trend up to the next resistance at 9.3 will persist.
Caution: A possible change in the direction of the support zone at 8.56 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ” indicator layout is existing. The indicator shows ”. which is often a bullish signal. The pair is likely to go up.
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And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
And also a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.49 |
| 2nd High | 9.33 |
| Next High | 9.3 |
| Current Price | 8.630000000 |
| Next Low | 8.56 |
| 2nd Low | 8.54 |
| 3rd Low | 8.21 |
9.3 – 9.33 – 9.49 – 8.73 – 9.07 – 9.18 —
8.700000000 – 8.630000000 —
34.86719002578 – 35.07848434289 —
– —
9.3 – 1772782200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bullish Belt Hold – – –