ADA/USDT – 1H – SELLThe combination moves from the bullish trendline downwards
A descending movement downwards to the next support line at 0.377900000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.404300000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.3856468 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.404300000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.414100000 |
| Next High | 0.404300000 |
| Current Price | 0.388500000 |
| Next Low | 0.377900000 |
| 2nd Low | 0.342700000 |
| 3rd Low | 0.327200000 |