ADA/USDT – 4H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.339300000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.371900000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.3517 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.371900000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.414100000 |
| Next High | 0.371900000 |
| Current Price | 0.353300000 |
| Next Low | 0.339300000 |
| 2nd Low | 0.331500000 |
| 3rd Low | 0.327200000 |