ADA/USD Daily Chart. Source: TradingView.
ADA-USD Short Term Price Prediction Looking ahead, the first resistance lies at $1.90(bearish.618 Fib & June high). This is followed by $1.97 (1.272 Fib Extension),
$ 2.05(1.414 Fib Extension ), and $ 2.17(beairsh.786 Fib). On the other side, the first support lies at $ 1.70. This is followed by $ 1.62 (.236 Fib Retracement), $ 1.50 (100-day MA), and $ 1.414(.5 Fib). The RSI is in overbought conditions as the buyers dominate the
market momentum. The bullish momentum is now the highest it
has been because February 2021. ADA/BTC – ADA Hits Descending Trend Line Resistance Key Support Levels: 3700 SAT,
3440 SAT, 3200 SAT. Secret Resistance Levels: 4000 SAT, 4140 SAT, 4200 SAT.
ADA had a hard time in the very first week of August as it slipped underneath the 20-day MA and was up to 3200 SAT. Fortunately, it rebounded from 3200 SAT the other day to hit the resistance at the 50-day MA at around 3700 SAT.
Today, ADA continued beyond the 20-day MA and hit 4100 SAT to climb up above the 100-day MA level and struck resistance at a long-lasting descending trend line. It has actually given that dropped from the pattern line as it sits around 3950 SAT.
ADA would still require to break the July high around 4200 SAT to turn bullish.
< img class="size-full wp-image-133695" src="https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new.png" alt="adabtc-aug11new" width="2908" height="1882" srcset="https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/08/adabtc-aug11new-50x32.png 50w" sizes =" (max-width: 2908px )100vw, 2908px"/ > ADA/BTC Daily Chart. Source: TradingView. ADA-BTC Short Term Price Prediction
Progressing, the first resistance lies at 4000 SAT (bearish.5 Fib). This is followed by 4140 SAT (1.272 Fib Extension & & falling trend line), 4200 SAT (bearish.618 Fib), and 4430 SAT (1.618 Fib Extension).
On the other side, the first assistance lies at 3700 SAT (50-day MA). This is followed by 3440 SAT (20-day MA), 3200 SAT (weekly assistance), and 3000 SAT.
The RSI just recently climbed up above the midline as the purchasers take control of the market momentum for the first time considering that early July.