The pair Chainlink/Tether (LINK/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 8.006 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 8.286 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 8.494 |
| 2nd High | 8.461 |
| Next High | 8.286 |
| Current Price | 8.264000000 |
| Next Low | 8.006 |
| 2nd Low | 7.795 |
| 3rd Low | 7.709 |
8.286 – 8.461 – 8.494 – 8.006 – 8.356 – 8.451 —
8.251000000 – 8.286000000 —
53.419125251808 – 58.899869782553 —
– —
8.286 – 1784307600