LINK/USDT – 30M – SELLThe currency pair Chainlink/Tether (LINK/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support level at 11.74 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 12.75 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 12.50604 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 12.75 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14 |
| 2nd High | 13.34 |
| Next High | 12.75 |
| Current Price | 12.710000000 |
| Next Low | 11.74 |
| 2nd Low | 11.61 |
| 3rd Low | 7.9 |
12.75 – 12.6 – 12.1 – 11.74 – 11.75 – 11.79 — 63.101487171697 – 61.96307781846 — 97.625737872748 – 92.783550066436 – 91.866864845914 – 94.976034470513
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Symmetrical Triangle Chart Pattern – –