ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.874300000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.121000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.8867 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.121000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 0.877200000 |
| Next Low | 0.874300000 |
| 2nd Low | 0.851800000 |
| 3rd Low | 0.770000000 |