ADA/USDT – 4H – SELLThe pair moves from the ascending trendline down.
A descent down to the next support level at 0.339300000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.371900000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.3401456 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.371900000 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 | 0.371900000 |
| Current Price | 0.345900000 |
| Next Low | 0.339300000 |
| 2nd Low | 0.331500000 |
| 3rd Low | 0.327200000 |