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#Cardano Price Analysis

Can ADA Hit a Home Run? Cardano Price Analysis 20 Sep

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Cardano price is situated in the bullish zone against the US Dollar and Bitcoin. ADA/USD could move over the $0.0750 resistance to test $0.0800.

Cardano Price Key Features

  • Cardano price is exchanging pleasantly over the $0.0650 support zone against the US Dollar (fastened).
  • There is a key bullish pattern line set up with support at $0.0700 on the hourly outline of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to move higher over the $0.0740 and $0.0750 resistance levels in the close term.

Cardano price is situated in the bullish zone against the US Dollar and Bitcoin. ADA/USD could move over the $0.0750 resistance to test $0.0800.

 

Cardano Price Analysis

Subsequent to framing a base around the $0.0620, Cardano price began an upward move against the US Dollar. The ADA/USD pair moved higher and broke the $0.0650 and $0.0700 resistance levels. Cardano price exchanged as high as $0.0744 before amending lower. It declined beneath the half Fibonacci retracement level of the last wave from the $0.0620 low to $0.0744 high.

Be that as it may, the decay was contained by the $0.0660 support territory. All the more critically, the 61.8% Fibonacci retracement level of the last wave from the $0.0620 low to $0.0744 high went about as a support. Furthermore, there is a key bullish pattern line set up with support at $0.0700 on the hourly graph of the ADA/USD pair. The pair may plunge a couple of focuses in the here and now towards the $0.0700 level. Nonetheless, drawbacks are probably going to be constrained and purchasers may show up close $0.0700 and $0.0680. On the upside, ADA price will in all likelihood break the $0.0750 level to exchange encourage higher. The following obstruction for purchasers is close to the $0.0800, which is additionally a rotate level.

 

ADAUSD Price Chart 20 September

ADAUSD Price Chart 20 September

 

The diagram demonstrates that Cardano price is exchanging the positive zone above $0.0700. Once there is a break over the $0.0750 resistance, it could open the entryways for the following wave up in the close term.

Hourly MACD – The MACD for ADA/USD is gradually moving in the bullish zone.

Hourly RSI – The RSI for ADA/USD is as of now over the 50 level.

Significant Support Level – $0.0700

Significant Resistance Level – $0.0750

#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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