The currency pair Chainlink/Tether (LINK/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 12.85 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.85 |
| Current Price | 12.390000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
12.85 – 12.75 – 12.6 – 12.35 – 12.35 – 11.74 — 45.815468788791 – 41.560462430175 — 67.53206489862 – 56.629367925332 – 58.838266408508 – 62.904679285021
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Double top chart pattern – –