ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.3856 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.3925 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4228 |
| 2nd High | 0.4052 |
| Next High | 0.3925 |
| Current Price | 0.391100000 |
| Next Low | 0.3856 |
| 2nd Low | 0.3846 |
| 3rd Low | 0.3294 |
0.3925 – 0.4052 – 0.4007 – 0.3856 – 0.3846 – 0.3874 — 53.553647178864 – 52.334713047048 — 96.601079432298 – 92.947681497894 – 93.977618601116 – 94.071549705239