ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 0.936400000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.073000000 should be noted.
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 0.9364 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.073000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.148000000 |
| 2nd High | 1.097800000 |
| Next High | 1.073000000 |
| Current Price | 0.966000000 |
| Next Low | 0.936400000 |
| 2nd Low | 0.851800000 |
| 3rd Low | 0.770000000 |