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#Cardano Price Analysis

ADA will reach $0.1 today? Cardano Price Analysis 28 Sep

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Cardano price is giving positive hints against the US Dollar and Bitcoin. ADA/USD stays supported above $0.0750 and it might move towards the $0.0950 level.

Cardano Price Key Features

  • Cardano price discovered support close $0.0750 and exchanged higher against the US Dollar (fastened).
  • There was a break over a key bearish pattern line with resistance at $0.0815 on the hourly diagram of the ADA/USD pair (information feed by means of Bittrex).
  • The pair could keep on moving higher towards the $0.0900 and $0.0950 levels for the time being.

Cardano price is giving positive hints against the US Dollar and Bitcoin. ADA/USD stays supported above $0.0750 and it might move towards the $0.0950 level.

 

Cardano Price Analysis

There was a drawback adjustment from the $0.0940 swing high in cardano price against the US Dollar. The ADA/USD pair exchanged lower and broke the $0.0800 support. It tried the $0.0750 support and later began a crisp upward move. Purchasers picked up force and drove cardano price over the $0.0800 level and the 100 hourly basic moving normal. Likewise, cardano price outperformed the half Fibonacci retracement level of the last decrease from the $0.0940 high to $0.0746 low.

All the more significantly, there was a break over a key bearish pattern line with resistance at $0.0815 on the hourly diagram of the ADA/USD pair. The pair is right now exchanging over the $0.0850 level with a positive inclination. On the upside, a quick resistance is at $0.0900. It harmonizes with the 76.4% Fibonacci retracement level of the last decrease from the $0.0940 high to $0.0746 low. In the event that ADA price breaks the $0.0900 resistance, it could rally towards the $0.0940 swing high. The last focuses for purchasers could be $0.0950 and $0.1000.

 

ADAUSD Price Chart 28 September

ADAUSD Price Chart 28 September

 

The diagram shows that ADA price is exchanging with a strong technical structure above $0.0800. In the event that there is a drawback remedy, the 100 hourly SMA and $0.0800 are probably going to hold misfortunes. Beneath the 100 hourly SMA, cardano price will in all probability retest the $0.0750 support.

Hourly MACD – The MACD for ADA/USD is marginally in the bearish zone.

Hourly RSI – The RSI for ADA/USD is set over the 50 level.

Real Support Level – $0.0800

Real Resistance Level – $0.0900

#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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