ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.194000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.228000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.17655 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.228000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.241700000 |
| 2nd High | 1.239300000 |
| Next High | 1.228000000 |
| Current Price | 1.206200000 |
| Next Low | 1.194000000 |
| 2nd Low | 1.188100000 |
| 3rd Low | 1.113800000 |