The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.654100000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.707200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.6426 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.707200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.841400000 |
2nd High | 0.777100000 |
Next High | 0.707200000 |
Current Price | 0.687100000 |
Next Low | 0.654100000 |
2nd Low | 0.642600000 |
3rd Low | 0.627700000 |
0.707200000 – 0.777100000 – 0.841400000 – 0.654100000 – 0.727700000 – 0.710000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Matching Low