ADAUSD is once again retesting a key horizontal resistance level at 0.3878. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
If you’re short ADAUSD you should be aware that 0.3878 has just been breached – a level tested 3 time in the past
