bearish trend
The ADAUSDT pair is suffering from negative pressure represented by its movement in a major downward trend in the short and medium term, with the continuation of the negative pressure due to its trading below its simple moving average for a period (20,100,200). In addition, we notice negative signals also appearing in the relative strength indicators, despite reaching a neutral level or balance between bullish and bearish positions. Therefore, our expectations indicate that the pair will decline during its upcoming trading, as long as the resistance 0.265 remains intact, to target the support level 0.25.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.