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#Cardano Price Analysis

ADA about to rise? Cardano Price Analysis 8 Oct

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Cardano price is gradually moving higher. ADA/USD could keep on exchanging higher and plunges stay supported close $0.0820.

Cardano Price Key Features

  • Cardano price is exchanging with a bullish point over the $0.0800 support against the US Dollar (fastened).
  • There was a break over a noteworthy bearish pattern line with resistance at $0.0820 on the hourly diagram of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to proceed higher towards the $0.0880 and $0.0900 levels in the close term.

Cardano price is gradually moving higher against the US Dollar and Bitcoin. ADA/USD could keep on exchanging higher and plunges stay supported close $0.0820.

 

Cardano Price Analysis

There was an average base framed close to the $0.0790 level in Cardano price against the US Dollar. The ADA/USD pair began an upside move and exchanged over the $0.0820 and $0.0830 resistance levels. The upside move was certain as Cardano price settled above $0.0820 and the 100 hourly basic moving normal. The present price activity is sure over the $0.0800 rotate level.

Amid the move, there was a break over a noteworthy bearish pattern line with resistance at $0.0820 on the hourly graph of the ADA/USD pair. The pair exchanged as high as $0.0855 and it is as of now solidifying increases. An underlying support is close to the 23.6% Fibonacci retracement level of the ongoing wave from the $0.0802 low to $0.0855 high. Beneath $0.0844, Cardano price is probably going to test the $0.0830 support. It harmonizes with the half Fibonacci retracement level of the ongoing wave from the $0.0802 low to $0.0855 high. There is additionally an associating bullish pattern line with support at $0.0815 on a similar outline.

 

ADAUSD Price Chart 8 October

ADAUSD Price Chart 8 October

 

The graph demonstrates that Cardano price is exchanging with a positive inclination over the $0.0815 level. On the upside, a break over the $0.0855 high could trigger more gains. The following key obstacles for purchasers are close $0.0880 and $0.0900.

Hourly MACD – The MACD for ADA/USD is at present diminishing its bullish incline

Hourly RSI – The RSI for ADA/USD is situated well over the 50 and 55 levels.

Real Support Level – $0.0815

Real Resistance Level – $0.0855

#Cardano Price Analysis

ADA Daily Trading Signals: 24 October

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Dominant bias for CARDANO (ADA)- Bearish

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Levels- $0.07000, $0.06800. $0.06600

 

ADA is in a bearish trend.  After the loss of the bullish pressure that saw ADAUSD at $0.07939 in the resistance area on 21st October, the bears’ return was gradual. Initially, the cryptocurrency was down to $0.07680 in the support area before closing same day. The increased bearish pressure led ADAUSD to $0.07610 before minor bullish pullback on 22nd October that pushed the cryptocurrency up $0.07771 in the resistance area. Today’s 4-hour opening candle at $0.07616 formed a bearish railroad an indication that the bears are back and price may head south.

 

ADA 4-hour chart

ADA 4-hour chart

 

Price is below the 34 EMA a plus to the bears’ pressure coupled with the relative strength index signal pointing down it implies downward price movement of the cryptocurrency may be inevitable.

The downward trendline serves as a strong resistance. Each touch of price on it result in a breakdown. A breakdown may be expected as the price is around it. $0.07200 in the support area may the initial bears’ target

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#Cardano Price Analysis

ADA Daily Trading Signals: 23 October

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ADA is in a bearish trend.  After the loss of the bullish pressure that saw ADA at $0.07939 in the resistance area on 21st Oct, the bears' return was gradual

Dominant bias for CARDANO (ADA) – Bearish

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Levels- $0.07000, $0.06800. $0.06600

 

ADA is in a bearish trend.  After the loss of the bullish pressure that saw ADAUSD at $0.07939 in the resistance area on 21st October, the bears’ return was gradual. Initially, the cryptocurrency was down to $0.07680 in the support area before closing same day. The increased bearish pressure led ADAUSD to $0.07610 before minor bullish pullback on 22nd October that pushed the cryptocurrency up $0.07771 in the resistance area. Today’s 4-hour opening candle at $0.07616 formed a bearish railroad an indication that the bears are back and price may head south.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA Price is below the 34 EMA a plus to the bears’ pressure coupled with the relative strength index signal pointing down, it implies downward price movement of the cryptocurrency may be inevitable.

The downward trendline serves as a strong resistance. Each touch of price on it result in a breakdown. A breakdown may be expected as the price is around it. $0.07200 in the support area may the initial bears’ target

Continue Reading

#Cardano Price Analysis

ADA Daily Trading Signals: 19 October

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ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

Dominant bias for CARDANO (ADA) – Ranging

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Level-$0.07000, $0.06800. $0.06600

 

ADA is in a range-bound market   The loss in bullish momentum at $0.08091 in the resistance area for the continued upward journey after the retest gradually set the bears back in the market. The doji opening candle of 18th October at $0.08001 followed by the bearish hammer confirmed the bears’ takeover. ADAUSD was initially down to $0.07752. Increased bears pressure pushed the cryptocurrency further down to $0.07537 in the support area as ADAUSD enters the range.

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA is in consolidation and trading between $0.08050 in the upper supply area and at $0.07200 in the lower demand area of the range. A breakout at the upper resistance area or breakdown at the lower support area may occur hence patience is required for either to happen. Confirmation with good reversal candles after retest will be of great importance.

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