ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.943400000 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.979500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.94445 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.979500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.979500000 |
| Current Price | 0.960900000 |
| Next Low | 0.943400000 |
| 2nd Low | 0.904500000 |
| 3rd Low | 0.901100000 |
0.979500000 – 0.987800000 – 0.924600000 – 0.943400000 – 0.904500000 – 0.901100000 — 52.805428564303 – 51.830465244924