Solid News

ADAUSD, Technical Analysis

1/5/2023 11:47 AM


On the 4-hour chart, the local dynamics of the asset are developing within the Expanding formation pattern, within which the price has reached the resistance line at 0.2662 and is preparing to overcome it, which, together with the exit from the figure, will become a signal to continue the upward dynamics until the global resistance is reached at 0.3490.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator actively move away from the signal line, and the AO oscillator histogram forms upward bars, rising in the positive zone.


The daily chart shows the price is moving in a stable downward corridor with dynamic boundaries 0.3480–0.2000, having renewed the low at 0.2386 yesterday. The global channel looks quite stable, and the asset's current location near the support line can serve as the beginning of a rebound upwards.

Technical indicators have already begun to reverse: fast EMAs on the Alligator indicator are approaching the signal line, and the AO oscillator histogram forms upward bars.

Resistance levels: 0.2950, 0.3490. | Support levels: 0.2391, 0.1809.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023