LINK/USDT – 4H – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 8.4 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 9.64 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.4 |
| 2nd High | 13.9 |
| Next High | 9.64 |
| Current Price | 8.880000000 |
| Next Low | 8.4 |
| 2nd Low | 8.21 |
| 3rd Low | 8.05 |
9.64 – 9.27 – 9.59 – 8.4 – 8.21 – 8.05 —
9.100000000 – 9.010000000 —
56.611092405506 – 53.215822704198 —
– —
9.64 – 1772640000
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern – –