ADA/USDT – 1H – SELLThe currency pair moves from the ascending trendline down.
The bearish trend downwards to the next support level at 0.377900000 will continue.
Caution: A possible change in the direction of resistance at 0.414100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.3784 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.414100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.414100000 |
| Current Price | 0.396100000 |
| Next Low | 0.377900000 |
| 2nd Low | 0.342700000 |
| 3rd Low | 0.327200000 |