ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish trend down to the next support line at 0.728900000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.819300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.6805 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.819300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.819300000 |
| Current Price | 0.748500000 |
| Next Low | 0.728900000 |
| 2nd Low | 0.707900000 |
| 3rd Low | 0.541700000 |