Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bullish trend in its medium-term outlook. The strong bullish pressure pushed broke out of the two EMAs crossover at $0.03016 with a large bullish engulfing candle. ADAUSD jumped to $0.03527 in the supply area before the end of the session on 17th December.

Yesterday, 18th December saw ADAUSD up at in the supply area as the bulls return after a brief drawdown to $0.03228 in the demand area.

Today’s 4-hour opening candle at $0.03553 sustained the bullish pressure as ADAUSD made a high at $0.03778 shortly after opening.

Price is at the 50.0 fib level. A pus t the 61.8 may open the door for a retest at 78.6($0.04156) in the supply area in the medium-term.

The cryptocurrency is in a bullish trend in its short-term outlook. The bounce at the trendline twice implies strong support for the bullish upward movement. ADAUSD was up at $0.03778 in the supply area after the bullish 1-hour sustained the bullish momentum.

A pullback by the bears to the trendline may occur before the bullish continuation.
Price is above the two EMAs crossover and the stochastic oscillator signal point down, suggesting a brief bearish retracement before uptrend continuation in the short-term.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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