ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 1.037800000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.148000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 1.0894282 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.148000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.154200000 |
| Next High | 1.148000000 |
| Current Price | 1.106000000 |
| Next Low | 1.037800000 |
| 2nd Low | 0.969300000 |
| 3rd Low | 0.874300000 |