ADA/USDT – 1H – SELLThe pair moves from the ascending trendline downwards
A bearish descent down to the next support at 0.392200000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.404300000 is within the realm of possibility.
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 will continue. Current target is 0.3784 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.404300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.414100000 |
| Next High | 0.404300000 |
| Current Price | 0.394200000 |
| Next Low | 0.392200000 |
| 2nd Low | 0.377900000 |
| 3rd Low | 0.342700000 |