ADA/USDT – 1H – SELLThe combination jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.349600000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.360000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.34385 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.360000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.365000000 |
| 2nd High | 0.361300000 |
| Next High | 0.360000000 |
| Current Price | 0.352500000 |
| Next Low | 0.349600000 |
| 2nd Low | 0.348800000 |
| 3rd Low | 0.327200000 |