ADAUSD Price Analysis June 14 2019
The pair fell for the bears in another row of selling today as bears were in full control at the intraday market. Thus moving the pair lower throughout the whole session.
Demand Level: $0.10532, $0.09962, $0.09076
Supply Level: $0.07509, $0.06612, $0.05768
ADAUSD Long term trend: Bullish
Closing within the previous day’s range, prices missed to decisively move beyond the prior’s days trading range.Thursday’s trading range has been (8.7%) positive and that’s slightly above the last month’s trading daily range with a negative value.
The trend for the daily is bullish showing an intact uptrend in the long term.
ADAUSD Short term trend: Bearish
ADAUSD breaks below the technical support level and it is dominated by bears dragging the market lower from the level at $0.090765 on the 4-hour chat, and we will expecting the pair to close within previous days range.
Price broke below the key technical support level at 0.08705, which is likely to act as resistance going forward. After having been unable to move above $ 0.09815 in the previous session the pair ran into bears again around the same price level today falling than $0.09076.
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