ADAUSD is radiantly operating in an open area that is hitch free for a bullish target. The pair is not below any resistance level, rather is sitting above it, and has even started the bullish ride.
Supply levels: $0.077, $0.085, $0.100
Demand levels: $0.050, $0.073, $0.068, $0.060
ADAUSD Trends: Bullish
The coin is not showing any sign of weakness as it on top of the price resistance level of $0.085. And is pointing northward toward the resistance level of $0.100, a further break of this level will mean the creation of a new higher high level.
In viewing the daily chart, the price is above the 14 and 50 Exponential Moving Averages, and the MACD indicator is also building up its green Histogram bars which indicate a bullish drive.
ADABTC Market Analysis
The market seems to be in an exhaustive journey down South-side, it is about setting a new lower low target or reverses for a bullish direction, so waiting for the close of the market is necessary; else the market could be a trap for traders.
The 4-Hours chart shows that the MACD Indicator is portraying a weak Histogram bar, and the prince is pushing up to meet with the 14 and 50 Exponential Moving Average. Thus signal a weak trend.
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