ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support level at 0.851800000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.989900000 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-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.9294 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.989900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.097800000 |
| 2nd High | 1.073000000 |
| Next High | 0.989900000 |
| Current Price | 0.906700000 |
| Next Low | 0.851800000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |