ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 1.052200000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.119000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.0216 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.119000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.119000000 |
| Current Price | 1.075100000 |
| Next Low | 1.052200000 |
| 2nd Low | 1.038900000 |
| 3rd Low | 0.910000000 |