ADA/USDT – 1H – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.334100000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.361300000 is within the realm of possibility.
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 level at 0.361300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.369200000 |
| 2nd High | 0.364000000 |
| Next High | 0.361300000 |
| Current Price | 0.355400000 |
| Next Low | 0.334100000 |
| 2nd Low | 0.323700000 |
| 3rd Low | 0.314100000 |