LINK/USDT – 1H – SELLThe combination Chainlink/Tether (LINK/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 13.73 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 14.4 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 13.665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 14.4 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 16.02 |
| 2nd High | 14.93 |
| Next High | 14.4 |
| Current Price | 13.960000000 |
| Next Low | 13.73 |
| 2nd Low | 12.93 |
| 3rd Low | 12.15 |
14.4 – 14.2 – 13.52 – 13.73 – 13.85 – 12.93 — 51.099970442201 – 48.607136145079 — 88.891141635832 – 73.582036595874 – 83.638028572926 – 83.366853377055
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Symmetrical Triangle Chart Pattern – –