ADA/USDT – 30M – SELLThe currency pair jumps from the ascending trendline down.
A descent down to the next support level at 0.347500000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.371100000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.3483846 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.371100000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.404200000 |
| 2nd High | 0.386000000 |
| Next High | 0.371100000 |
| Current Price | 0.351900000 |
| Next Low | 0.347500000 |
| 2nd Low | 0.342200000 |
| 3rd Low | 0.331500000 |