ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 1.056700000 is certain.
Caution: A possible change in the direction of the resistance zone at 1.191100000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.1548504 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.191100000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.191100000 |
| Current Price | 1.165000000 |
| Next Low | 1.056700000 |
| 2nd Low | 1.055700000 |
| 3rd Low | 1.037500000 |