{"id":235023,"date":"2019-08-10T19:14:48","date_gmt":"2019-08-10T23:14:48","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=235023"},"modified":"2019-08-10T19:14:48","modified_gmt":"2019-08-10T23:14:48","slug":"analysis-adausd-price-reversed-at-support-level-of-0-046","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/analysis-adausd-price-reversed-at-support-level-of-0-046","title":{"rendered":"Analysis: ADAUSD Price Reversed at Support Level of $0.046"},"content":{"rendered":"

ADAUSD Price Analysis \u2013 August 10<\/strong><\/h3>\n

The breakout is imminent; which could be at the support level of $0.043 and the coin will be exposed to the support level of $0.026 or the breakout at the resistance level of $0.058 to open up to $0.068 price level.<\/p>\n

\nADAUSD Market<\/strong><\/h3>\n

\nKey Levels:<\/strong><\/h3>\n

 <\/p>\n

Resistance levels: $0.058, $0.068, $0.083
\nSupport levels: $0.043, $0.026, $0.01<\/p>\n

\nADA\/USD Long-term Trend: Bearish<\/h2>\n

On the Long-term outlook, ADA\/USD is bearish. ADAUSD has been under the control of the Bears. The bearish momentum drove the price down with full pressure, broke down the barriers at $0.068, $0.058 and the price decreased towards the demand level of $0.043. The Bulls did not allow a further decrease in Cardano price. The price was pushed up to retest the $0.068. The price commenced sideways movement down to the previous low level at $0.043.<\/p>\n

\"\"<\/a>
ADAUSD Daily chart, August 10<\/figcaption><\/figure>\n

The breakout is imminent; which could be at the support level of $0.043 and the coin will be exposed to the support level of $0.026 or the breakout at the resistance level of $0.058 to open up to $0.068 price level. The trading continues below the 21 periods EMA and 50 periods EMA as a sign of bearish momentum in the market of ADA. Meanwhile, the stochastic oscillator period 14 is at 20 levels with the signal line bending down to indicate sell signal.<\/p>\n

\nADA\/USD Medium-term Trend: Bearish<\/h2>\n

On the Medium-term outlook, ADA is bearish. After a long period of consolidation at the supply level of $0.058,, the price dropped to the demand level of $0.046. A bullish engulfing candle emerged and the price bounced up to break up the two EMA and rally towards the supply level of $0.058. The coin is currently at the dynamic resistance level of 50 periods EMA.<\/p>\n

\"\"<\/a>
ADAUSD 4-hour chart, August 10<\/figcaption><\/figure>\n

The ADA price is trading in between the 21 periods EMA and 50 periods EMA as a bullish momentum indicator in the ADA market. Also, the stochastic oscillator period 14 is at 60 levels with the signal lines pointing up which indicate buy signal.<\/p>\n

Please note:<\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ADAUSD Price Analysis \u2013 August 10 The breakout is imminent; which could be at the support level of $0.043 and the coin will be exposed […]<\/a><\/div>","protected":false},"author":1742,"featured_media":235032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8052,8055,7992],"class_list":["post-235023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-adausd","tag-markets","tag-technical-analysis"],"acf":[],"yoast_head":"\nAnalysis: ADAUSD Price Reversed at Support Level of $0.046<\/title>\n<meta name=\"description\" content=\"ADAUSD Price Analysis \u2013 August 10 The breakout is imminent; which could be at the support level of $0.043 and the coin will be exposed to the support\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysis: ADAUSD Price Reversed at Support Level of $0.046\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-10T23:14:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/08\/ADA-4-hour-chart-Aug.-10-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1274\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Analysis: ADAUSD Price Reversed at Support Level of $0.046\",\"datePublished\":\"2019-08-10T23:14:48+00:00\",\"dateModified\":\"2019-08-10T23:14:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023\"},\"wordCount\":373,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/08\/ADA-4-hour-chart-Aug.-10-1.png\",\"keywords\":[\"ADAUSD\",\"Markets\",\"Technical Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023\",\"name\":\"Analysis: ADAUSD Price Reversed at Support Level of $0.046\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/235023#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/08\/ADA-4-hour-chart-Aug.-10-1.png\",\"datePublished\":\"2019-08-10T23:14:48+00:00\",\"dateModified\":\"2019-08-10T23:14:48+00:00\",\"description\":\"ADAUSD Price Analysis \u2013 August 10 The breakout is imminent; 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