ADA/USD dropped back inside the 20-day Bollinger Band, following severe bearish correction. The RSI is looking creep out from the overbought zone. ADA/USD daily chart ADA/USD bears have quickly taken the price down from $0.013 to $0.0122. This bearish correction follows three consecutive bullish days, wherein the price went up from $0.09857 to $0.013. Re-entering the Bollinger Band ensures that the price is no longer overvalued. This is further corroborated by the fact that the RSI is looking to exit the overbought zone. ADA/USD bulls will want to make sure that this is just a temporary correction and that the price doesn’t fall below the $0.012-level. The MACD shows that the market momentum still remains bullish. Support and Resistance The resistance currently lies at $0.013. ADA/USD already had healthy support levels at $0.097, $0.0909 (SMA 20) and $0.0889. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Price Analysis: XAU/USD sidelined in Asia, eyes fourth-straight weekly gain FX Street 3 years ADA/USD dropped back inside the 20-day Bollinger Band, following severe bearish correction. The RSI is looking creep out from the overbought zone. ADA/USD daily chart ADA/USD bears have quickly taken the price down from $0.013 to $0.0122. This bearish correction follows three consecutive bullish days, wherein the price went up from $0.09857 to $0.013. Re-entering the Bollinger Band ensures that the price is no longer overvalued. This is further corroborated by the fact that the RSI is looking to exit the overbought zone. ADA/USD bulls will want to make sure that this is just a temporary correction and that the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
