The currency pair Chainlink/Tether (LINK/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 7.342 will continue.
Caution: A possible counter-trend in the direction of support at 7.016 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 7.424852 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 7.342 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.7 |
| 2nd High | 7.553 |
| Next High | 7.342 |
| Current Price | 7.337000000 |
| Next Low | 7.016 |
| 2nd Low | 7.01 |
| 3rd Low |
7.342 – 7.301 – 7.553 – 7.016 – 7.01 – 7.382 —
7.192000000 – 7.279000000 —
41.500865425487 – 51.871059355643 —
– —
7.342 – 1782459000