ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descending movement down to the next support line at 1.113800000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.228000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.1144158 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.228000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.241700000 |
| 2nd High | 1.239300000 |
| Next High | 1.228000000 |
| Current Price | 1.167500000 |
| Next Low | 1.113800000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.037500000 |