ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.874300000 is expected.
Caution: A possible change in the direction of the resistance level at 1.121000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.91 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.121000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.326400000 |
| 2nd High | 1.181900000 |
| Next High | 1.121000000 |
| Current Price | 0.882000000 |
| Next Low | 0.874300000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |