$ADAUSD - Heading towards December's high

13 ธ.ค. 2020

Hi guys! 👋🏻

Sorry for being away for a long time, I'm on a head to head with Covid-19.

🔔 December didn’t go well for ADA, as the token’s value against the US Dollar dropped by nearly 10%. Yet today, ADAUSD is showing some strength and is looking towards the test of December’s highs at $0.172480.

🔔 Currently the price is above the dynamic resistance of November 24 and looks very bullish

🔔 There is an important resistance up ahead at $0.16000 before ADA can reach the $0.17200 target and December's high.

🔔 Though looks very achievable as both MA's 100 & 200 and EMA55 show a strong support.

🔔The continuation of the bullish trend might be supported by a running on weakening of the US Dollar Index. The Dollar Index is yet under pressure as Covid-19 new cases and daily deaths in the US hit new highs and governors of some states such as NY are closing businesses they had reopened after spring lockdowns.

✊🏻 Good luck with your trades! ✊🏻
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19 ธ.ค. 2020

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