ADABTC Price Analysis – June 13
ADABTC is dominated by bulls lifting the market higher than anticipated throughout the day and its unable to break through key demand levels. It also retraces downwards for a short term south move. The pair closes higher for the 3rd day in a row yesterday.
Demand Level: 0.00001481, 0.00001332, 0.00001192
Supply Level: 0.00001106, 0.00000966, 0.00000911
ADABTC Long term trend: Bullish
On Wednesday the trading range has been + 0.00000074 (6.40%) increase, and that is far above the last trading month’s daily average range of 0.00000026 (2.56%) rise. The daily volatility is slightly higher than previous days allowing for prompt movement for risk takers to take advantage of the price progression upward.
The pair is unable to break the key demand level at 0.000001192, and ADABTC opened above yesterdays level after spiking up to 0.00001190 earlier during the day.
ADABTC Short term trend: Bearish
Trending higher for the 3rd day, this is another angle to the single day gain in over four weeks. The bears are in full control today and later the bears as seen on the 4-hour chart, moving the market lower and also than anticipated throughout the whole session and looking to close below yesterdays high at level 0.000001188.
ADA confirmed its breakout downwards when it touched the trend line demand level at 0.000001192 through the prior session high.
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