LINK/USDT – 30M – SELLThe combination Chainlink/Tether (LINK/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 11.680000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 12.750000000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 12.58 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 12.750000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.790000000 |
| 2nd High | 13.250000000 |
| Next High | 12.750000000 |
| Current Price | 12.430000000 |
| Next Low | 11.680000000 |
| 2nd Low | 11.050000000 |
| 3rd Low | 10.440000000 |
12.750000000 – 13.250000000 – 13.230000000 – 12.580000000 – 12.630000000 – 12.800000000