Sell ADA/USDT – 4H – SELL

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

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