ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 1.172300000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.224000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.17655 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.224000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.239300000 |
| 2nd High | 1.228000000 |
| Next High | 1.224000000 |
| Current Price | 1.189000000 |
| Next Low | 1.172300000 |
| 2nd Low | 1.113800000 |
| 3rd Low | 1.056700000 |