ChainLink vs TetherUS Trending Lower

30 Sep 2020

ChainLink (LINKUSDT) peaked 16-Aug. and has been correcting since... Prices continue trending lower.

• We have prices for LINKUSDT trading below EMA10/50/100.
  
• The MACD is now below the zero line.
  
• The RSI dropped below 50 and continues to print lower highs.
  

This altcoin pair is likely to continue lower.

Conditions for change

For the LINKUSDT pair to turn bullish, we would need to see prices move and close above EMA50 (11.2696).

Any trading below this level and the bearish bias stays on top.

Namaste.