ADA/USD Price Is Gathering momentum to Explode
Login

ADA/USD Price Is Gathering momentum to Explode

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:
ADA Price Analysis – November 10

 The price may likely reach the resistance level of $0.11 level and possibly break it up to test $0.13 and $0.15 level. In case the resistance level of $0.11 holds, the price may reverse towards the south and decrease to support levels at $0.10, $0.08, and $0.07. 

 ADA/USD Market
 Key Levels:

 Resistance levels: $0.11, $0.13, $0.15

Support levels: $0.10, $0.08, $0.07

 ADA/USD Long-term Trend: Bullish

 The bears’ momentum was interrupted at the support level of $0.08 by the bulls; this makes the coin to be bullish in the daily chart. The bulls then take over the ADA market. The bulls push up the price to break up the resistance level of $0.10. The price is currently exposed to the $0.11 resistance level. The market was completed with the formation of the daily Doji candle yesterday.  

ADAUSD Daily chart, November 10

Today, it seems the bulls are preparing to dominate the market as the daily candle formation is bullish. The price is trading above the two EMAs which indicate a buy signal. The more momentum gain by the bulls the higher will be the price of the coin. The price may likely reach the resistance level of $0.11 level and possibly break it up to test $0.13 and $0.15 level. In case the resistance level of $0.11 holds, the price may reverse towards the south and decrease to support levels at $0.10, $0.08, and $0.07. 

 ADA/USD Medium-term Trend: Bullish

 ADA/USD is bullish on the 4-hour chart. The coin breaks up the former resistance level of $0.10 after a brief consolidation that took place last two weeks. ADA soared and tested the resistance level of $0. The bulls’ momentum failed to break up the mentioned level. Price retracement was carried out but the support level of $0.10 holds and the price commences ranging movement at the level.

ADAUSD 4 hour chart, November 10

 The price is consolidating over the 9 periods EMA and 21 periods EMA, also, the Relative Strength Index period 14 with its signal line parallel at 55 levels confirms that consolidation is in progress. 

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News