ADAUSD - 1D Chart Analysis
After it has failed 4 times to cross the 20 days Moving Average, the price also stabilized below the Pivot Level based as well on a low trading volume.
It seems that the RSI is heading slowly but steady towards the "oversold" area, while the Stochastic and the MACD are clearly indicating that the price will continue to drop.
As a possible target price, if nothing else will happen in the meantime, we can consider the Support Level of 0.0702$
It seems that the RSI is heading slowly but steady towards the "oversold" area, while the Stochastic and the MACD are clearly indicating that the price will continue to drop.
As a possible target price, if nothing else will happen in the meantime, we can consider the Support Level of 0.0702$
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