LINK/USDT – 1H – SELLThe pair Chainlink/Tether (LINK/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 7.202 will persist.
Caution: A possible change in the direction of resistance at 7.501 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 7.13046 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 7.501 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.7 |
| 2nd High | 7.553 |
| Next High | 7.501 |
| Current Price | 7.157000000 |
| Next Low | 7.202 |
| 2nd Low | 7.16 |
| 3rd Low | 7.016 |
7.501 – 7.358 – 7.478 – 7.202 – 7.16 – 7.22 —
7.325000000 – 7.217000000 —
45.952230908058 – 40.482972116721 —
– —
7.501 – 1782752400
Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – – Rising Wedge Chart Pattern – –