LINK/USDT – 1H – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 8.6 is expected.
Caution: A possible trend reversal in the direction of support at 8.17 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.05 |
| 2nd High | 9.02 |
| Next High | 8.6 |
| Current Price | 8.500000000 |
| Next Low | 8.17 |
| 2nd Low | 8.13 |
| 3rd Low | 7.15 |
8.6 – 8.57 – 9.02 – 8.17 – 8.13 – 8.47 —
8.430000000 – 8.460000000 —
49.589533279097 – 54.002319915225 —
– —
8.6 – 1770894000