ADA/USDT – 4H – SELLThe currency pair jumps from the bullish trendline down.
A bearish movement down to the next support at 0.342200000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.371100000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.3315 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.371100000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.414100000 |
| Next High | 0.371100000 |
| Current Price | 0.346100000 |
| Next Low | 0.342200000 |
| 2nd Low | 0.331500000 |
| 3rd Low | 0.327200000 |