Buy LINK/USDT – 1H – BUY

The combination Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 8.78 is certain.

Caution: A possible trend reversal in the direction of the support level at 8.21 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Additionally a ‘Three Outside Up’ candlestick pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. 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 9.64
2nd High 9.49
Next High 8.78
Current Price 8.680000000
Next Low 8.21
2nd Low 8.17
3rd Low 8.13

8.78 – 9.49 – 9.64 – 8.53 – 8.73 – 9.07 —
8.570000000 – 8.620000000 —
36.554550965981 – 41.117324367487 —
– —
8.78 – 1772964000

Trading Signals:

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