The currency pair Chainlink/Tether (LINK/USDT) jumps from the descending trendline up.
A bullish trend up to the next resistance line at 9.86 is expected.
Caution: A possible counter-trend in the direction of the support zone at 9.02 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish pattern 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.08 |
| 2nd High | 10.04 |
| Next High | 9.86 |
| Current Price | 9.480000000 |
| Next Low | 9.02 |
| 2nd Low | 8.97 |
| 3rd Low | 7.9 |
9.86 – 10.04 – 10.08 – 9.52 – 9.58 – 9.7 —
9.730000000 – 9.210000000 —
47.658198805658 – 22.937551717716 —
– —
9.86 – 1770093000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – Double top retreat up – –