ADA/USDT – 1H – BUYThe currency pair jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.342200000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.361100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.3513 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.361100000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.386000000 |
| 2nd High | 0.371100000 |
| Next High | 0.361100000 |
| Current Price | 0.343100000 |
| Next Low | 0.342200000 |
| 2nd Low | 0.331500000 |
| 3rd Low | 0.327200000 |