LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 13.68 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 13.94 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 13.47 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 13.94 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.24 |
| 2nd High | 14.07 |
| Next High | 13.94 |
| Current Price | 13.490000000 |
| Next Low | 13.68 |
| 2nd Low | 13.47 |
| 3rd Low | 13.4 |
13.94 – 14.07 – 14.24 – 13.68 – 13.47 – 13.68 — 41.57984596911 – 34.503310119199 — 29.599128012595 – 23.743490371806 – 28.943791799551 – 28.449261905723
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Symmetrical Triangle Chart Pattern – –