ADAUSD is moving towards a line of 0.3413 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If ADAUSD continues in its current trajectory, we may see it move towards 0.3413 within the next 3 days.
After testing 0.3413 numerous times, ADAUSD is once again approaching this price point. Can we expect a bearish trend to follow?
