ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support at 0.858900000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.940300000 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 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.8589 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.940300000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 0.940300000 |
| Current Price | 0.911000000 |
| Next Low | 0.858900000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |