LINK/USDT – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 7.993076 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 8.05 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.136 |
| 2nd High | 8.128 |
| Next High | 8.05 |
| Current Price | 7.946000000 |
| Next Low | 7.938 |
| 2nd Low | 7.858 |
| 3rd Low | 7.819 |
8.05 – 8.044 – 7.949 – 7.938 – 7.858 – 7.819 —
7.994000000 – 7.923000000 —
48.585361939944 – 36.126141505794 —
– —
8.05 – 1781386200
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –