ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support level at 1.113800000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.198800000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.1382388 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.198800000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.224000000 |
| 2nd High | 1.220000000 |
| Next High | 1.198800000 |
| Current Price | 1.154200000 |
| Next Low | 1.113800000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.055700000 |