ADA/USDT – 1H – BUYThe combination Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
The bearish trend down to the next support at 0.717100000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.819300000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.8193 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level 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 | 0.784900000 |
| Next Low | 0.717100000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |