The combination Chainlink/Tether (LINK/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 8.286 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.494 |
| 2nd High | 8.461 |
| Next High | 8.286 |
| Current Price | 8.251000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
8.286 – 8.461 – 8.494 – 8.006 – 8.356 – 8.451 —
8.253000000 – 8.276000000 —
54.450486323161 – 58.130888366373 —
– —
8.286 – 1784307600