ADA/USDT – 1H – SELLThe currency pair moves from the bullish trendline down.
The bearish trend downwards to the next support level at 0.347900000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.368500000 is within the realm of possibility.
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 is considered certain. Target of the current trend is 0.35015 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.368500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.404200000 |
| 2nd High | 0.386000000 |
| Next High | 0.368500000 |
| Current Price | 0.351200000 |
| Next Low | 0.347900000 |
| 2nd Low | 0.345400000 |
| 3rd Low | 0.331800000 |