LINK/USDT – 1H – BUYThe currency pair Chainlink/Tether (LINK/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 7.553 is certain.
Caution: A possible change in the direction of the support zone at could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 7.5825 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 7.553 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.155 |
| 2nd High | 7.7 |
| Next High | 7.553 |
| Current Price | 7.349000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
7.553 – 7.7 – 8.155 – 7.016 – 7.01 – 7.123 —
7.342000000 – 7.291000000 —
53.665974604187 – 49.116824254733 —
– —
7.553 – 1782367200