ADA/USDT – 1H – SELLThe pair jumps from the bullish trendline down.
The bearish trend downwards to the next support at 0.343900000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.350100000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.3468048 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.350100000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.361100000 |
| 2nd High | 0.353400000 |
| Next High | 0.350100000 |
| Current Price | 0.349500000 |
| Next Low | 0.343900000 |
| 2nd Low | 0.339300000 |
| 3rd Low | 0.331500000 |