ADABTC Price Analysis – June 26
ADABTC is dominated by bears and it is dragging the market lower throughout the previous and present session. The pair has closed lower for the second day in a row again breaking below Monday’s low.
Support Level: 0.0000057, 0.0000064, 0.0000074
Demand Level: 0.00001192, 0.0000996, 0.0000911
ADABTC Long term Trend: Bearish
The pair is crashing lower for the 2nd day in a row now, ADABTC exited Tuesday on the level at 0.000000816 with a negative (-7.22%). Today’s close may mark the lowest recorded closing price for a long while.
The bears were in full control and moving the market lower throughout the whole session. ADABTC lost -1.23% in comparison to the previous session. The trend is bearish and showing an intact downtrend in the long term.
ADABTC Short term Trend: Bearish
Pattern recognition on the 4-hour chart suggests that selling could speed up should prices move further below the nearby swing on the level at 0.00000745 where further sell stops might get triggered.
The candlestick formation as seen on the chart is matching today’s price action, while the volatility is also higher and that’s above the previous session which shows that the trend continuation pattern remains intact as bearish.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results