The combination Chainlink/Tether (LINK/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 9.450000000 will continue.
Caution: A possible change in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
Also there is a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.87 |
| 2nd High | 9.56 |
| Next High | 9.450000000 |
| Current Price | 9.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
9.450000000 – 9.56 – 9.87 – 9.14 – 9 – 8.68 —
9.450000000 – 9.350000000 —
52.651886339806 – 47.889707089769 —
9.450000000 – 1777060800 —
– 1777060800
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Three Outside Up – – –