ADA Analysis

2020年1月22日

Here you can find our long term view of ADABTC.
More than 4 months ADABTC does not have directed trend. Price haven't raised more than 0.00000560 and have been bought over from 0.00000400.

Now we can see that price is approaching to upper resistance line of trading range. Breaking through this level can provoke lots of buys and significantly move price upward to 0.00000700-780. The price currently is under 100 and 200 Day MA, this factor can add confidence to Buyers.

Disability to break the 550-560 resistance range move the price back to middle of trading range.
RSI is approaching overbought zone, so the price should be controlled nearest time.

In case of closing to 0.00000400 level, most likely this level will be broken through and future buys will be possible at lower prices.