LINK/USDT – 30M – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 8.136 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 7.722 could happen.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 8.3092 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 8.136 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.616 |
| 2nd High | 8.469 |
| Next High | 8.136 |
| Current Price | 8.060000000 |
| Next Low | 7.722 |
| 2nd Low | 7.316 |
| 3rd Low | 7.15 |
8.035 – 8.136 – 8.469 – 7.722 – 7.316 – 7.338 —
7.934000000 – 8.009000000 —
52.506492858969 – 58.309284908214 —
– —
8.035 – 1780869600
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –