The combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.2817 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.305 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.29035 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.305 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.362 |
| 2nd High | 0.3319 |
| Next High | 0.305 |
| Current Price | 0.296400000 |
| Next Low | 0.2817 |
| 2nd Low | 0.2757 |
| 3rd Low | 0.2685 |
0.305 – 0.3019 – 0.3034 – 0.2817 – 0.2938 – 0.2934 —
0.300000000 – 0.299400000 —
51.203543645337 – 54.978380027711 —
– —
0.305 – 1770132600