ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.940200000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.121000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.9402 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.121000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 0.963500000 |
| Next Low | 0.940200000 |
| 2nd Low | 0.910000000 |
| 3rd Low | 0.892800000 |