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ADA/USD Short-term Trend: Bullish

The coin is in a bullish trend zone in its short-term outlook. The bears at $0.042 after touching the EMA -9 further push the price down to $0.041 in the support area during yesterday’s session. The momentum was lost due to the bull’s brief return.

The 4-hour opening candle today at $0.041 at the resistance area is bullish. The price of ADAUSD further rises to $0.042 in the resistance area above the EMA-9, an indication that the momentum in the price of the coin is in an uptrend.

The stochastic oscillator signal pointing up at around level 81% in the overbought region implies that the price of the crypto may likely remain in an uptrend  (possibly a buy signal) in the days ahead in the short-term.