The combination Chainlink/Tether (LINK/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 8.993 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 9.223 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 9.055 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 9.223 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.301 |
| 2nd High | 9.276 |
| Next High | 9.223 |
| Current Price | 9.099000000 |
| Next Low | 8.993 |
| 2nd Low | 8.795 |
| 3rd Low | 8.792 |
9.223 – 9.276 – 9.301 – 8.993 – 9.161 – 9.115 —
9.150000000 – 9.214000000 —
53.664343401088 – 57.070011597571 —
– —
9.223 – 1780268400