ADA/USDT – 30M – BUYThe currency pair Cardano/Tether (ADA/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.228000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.194000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.2393 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.228000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.241700000 |
| 2nd High | 1.239300000 |
| Next High | 1.228000000 |
| Current Price | 1.214300000 |
| Next Low | 1.194000000 |
| 2nd Low | 1.188100000 |
| 3rd Low | 1.113800000 |