ADA/USDT – 1H – SELLThe currency pair jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 0.350700000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.364000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.34165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.364000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.371900000 |
| 2nd High | 0.369200000 |
| Next High | 0.364000000 |
| Current Price | 0.355200000 |
| Next Low | 0.350700000 |
| 2nd Low | 0.323700000 |
| 3rd Low | 0.314100000 |