ADAUSD has been on a bright note for the bullish continuation. The coin was able to break its resistance level for the previous market day and looks like nothing is stopping it to the next, north resistance level.
Supply levels: $0.077, $0.085, and $0.100
Demand levels: $0.073, $0.068, and $0.060
ADAUSD Trends: Bullish
The coin after meeting a barrier at the supply level of $0.100, and retraced to the price level of $0.073. It is also trying to go back and retest that same level after breaking the resistance level of $0.085. And if it breaks out of the price resistance level of $0.100, it will form a new market high.
The daily chart shows that the two Exponential Moving Averages of 14 and 50 have crossed, and they are below the current price levels indicating a bearish trend, and the MACD Histogram is popping up for an uptrend.
ADABTC Market Analysis
The market trend looks bearish on the 4-Hour chart. The Engulfing candle close has been respected for a while, it set up the basis for the continuous bearish movement that has been going on. The Engulfment capped at price resistance level, which the market has not to reverse to retest.
The two Moving averages on the chart 14 and 50, are above the market price, indicating a continuous bearish market. Also, the MACD signal lines and histogram bars are all indicating a bear trend.
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