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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="Solid ECN, post: 206503, member: 83167"] [HEADING=1][JUSTIFY]The ADAUSD pair continues to correct upwards in relation to the long-term uptrend.[/JUSTIFY][/HEADING] [JUSTIFY]Currently, the price is testing the 1.2207 mark, consolidation above which will give the prospect of further growth to the levels of 1.2950 (Fibo retracement of 23.6%) and 1.4100. The key for the "bears" is seen at 1.1230. In case of its breakdown, a correction to 1.0253 is possible and 0.9765, however, so far this option of price movement seems less likely, since the potential for upward movement remains, which is confirmed by technical indicators. [B]The Bollinger Bands are directed upwards, the MACD histogram increases in the positive zone, and the Stochastic leaves the overbought zone, which does not exclude a decline within the current upward trend, but its potential seems limited.[/B] [/JUSTIFY] [ATTACH type="full"]20867[/ATTACH] [JUSTIFY] [B]Resistance levels[/B]: 1.2207,1.295, 1.41 | [B]Support levels[/B]: 1.1230, 1.0253, 0.9765[/JUSTIFY] [/QUOTE]
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