LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) moves from the ascending trendline down.
A bearish descent down to the next support at 13.31 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 14.13 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 13.70628 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 14.13 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.93 |
| 2nd High | 14.35 |
| Next High | 14.13 |
| Current Price | 13.770000000 |
| Next Low | 13.31 |
| 2nd Low | 12.15 |
| 3rd Low | 12.05 |
14.13 – 13.88 – 12.55 – 13.31 – 12.15 – 12.19 — 58.711224470412 – 48.212604490509 — 69.737516978732 – 53.996282527881 – 68.239694344928 – 66.579529260439
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern – –