ADA/USDT – 1H – SELLThe combination jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.348800000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.361300000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.34385 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.361300000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.367600000 |
| 2nd High | 0.365000000 |
| Next High | 0.361300000 |
| Current Price | 0.351500000 |
| Next Low | 0.348800000 |
| 2nd Low | 0.327200000 |
| 3rd Low | 0.326400000 |