ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A descent down to the next support line at 0.783800000 is expected.
Caution: A possible change in the direction of resistance at 0.848400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.7842 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.848400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.848400000 |
| Current Price | 0.800300000 |
| Next Low | 0.783800000 |
| 2nd Low | 0.720000000 |
| 3rd Low | 0.717100000 |