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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="SOLIDECN, post: 209577, member: 80239"] [JUSTIFY][img]https://i.ibb.co/yfKRsyf/true-ecn-broker-2.png[/img][/JUSTIFY] [HEADING=1][JUSTIFY]ADA USD, trading within a local downtrend[/JUSTIFY][/HEADING] [JUSTIFY]On the global chart of the asset, the price is in a stable downtrend, continuing unsuccessful attempts to break the year’s low of 0.4340, which significantly increases the likelihood of a more significant rebound and upward correction. After the completion of this local growth, the downward dynamics may increase to the initial trend of 61.8% on the Fibonacci extension, around 0.1555. At the four-hour time interval, trading is taking place within the Expanding formation pattern, within which the formation of the fourth wave has begun, which should become ascending, reaching the resistance line around 0.8731. [img]https://i.ibb.co/ZGrKB53/adausd.png[/img] Technical indicators confirm the probable upward scenario, reversing upwards: fast EMAs on the Alligator indicator began to actively approach the signal line, narrowing the range of fluctuations, and the AO oscillator histogram is close to the transition level, although it forms bars with a downward trend. [B]Resistance levels: 0.6451, 0.8731 | Support levels: 0.4340, 0.1554[/B][/JUSTIFY] [/QUOTE]
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