ADAUSD has been above a support level for days and it is eyeing the next resistance price level, this level has been tested before, so the price might likely break it this time, but a rejection of it will mean a call for a bearish trend.
Supply levels: $0.077, $0.085, and $0.100
Demand levels: $0.073, $0.068, and $0.060
ADAUSD Trends: Bullish
The trend bullish concerned has not been shortened since the price has maintained its stay above the price level of $0.085, and the price is veering to hit the key price resistance level of $0.100. If it succeeds in closing above this level, it means that a new higher high target will be set, or it might set in for a reversal at this level.
The 50 Exponential Moving Average is strongly holding the long position, while the price moves with 14days EMA. The MACD signal lines and Histogram bars are flat indicating low market volatility.
ADABTC Market Analysis
ADABTC market trend has been bearish for a while now; the coin price movement has gone to a lower low region, after breaking a key resistance level.
The MACD Indicator Histogram bars are pointing south-side, and the 14 and 50 Exponential Moving Averages are crossed for the bearish indication.
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