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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="Solid ECN, post: 205383, member: 83167"] [JUSTIFY][B]The ADAUSD pair is moving within a long-term downtrend.[/B] This week, the quotes of the crypto assets undertook a corrective growth to the resistance area of 0.9765, but they failed to break through it and rushed with the targets at 0.7812 and 0.5860. The key “bulls” level is 1.0742, supported by the upper line of Bollinger bands, which breakout allows growth to 1.2695, and 1.3672 but so far this variant of price movement seems less likely since technical indicators signal a continuation of the downward trend: Bollinger bands are directed downwards, Stochastic reverses downwards from the overbought zone, and the MACD histogram is decreasing in the negative zone. [B]Support and resistance[/B] Resistance levels: 1.0742, 1.2695, 1.3672. Support levels: 0.7812, 0.5860. [ATTACH]20453[/ATTACH][/JUSTIFY] [/QUOTE]
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