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#Cardano Price Analysis

Can ADA reach $0.1 today? Cardano Price Analysis 24 Sep

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Cardano price is picking up energy against the US Dollar and Bitcoin. ADA/USD may maybe keep on slowly ascend towards the $0.1000 resistance.

Cardano Price Key Features

  • ADA price is moving in a positive zone over the $0.0840 level against the US Dollar.
  • There is a noteworthy bullish pattern line set up with support at $0.0870 on the hourly graph of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to move towards $0.1000 as long as it is above $0.0800.

Cardano price is picking up energy against the US Dollar and Bitcoin. ADA/USD may maybe keep on slowly ascend towards the $0.1000 resistance.

 

Cardano Price Analysis

There was a tolerable support base framed close to the $0.6000 level in cardano price against the US Dollar. The ADA/USD pair moved higher and tried the $0.0750 and $0.0850 levels amid the ascent. It even exchanged near the $0.0950 level and settled over the 100 hourly basic moving normal. A high was framed at $0.0940 before there was a drawback revision. Cardano price tried the half Fibonacci retracement level of the last wave from the $0.0792 low to $0.0940 high.

In any case, misfortunes were secured by the $0.0850 support territory. In addition, there is a noteworthy bullish pattern line set up with support at $0.0870 on the hourly graph of the ADA/USD pair. For whatever length of time that the pair is over the pattern line, it could keep on moving higher towards the $0.1000 and $0.1050. Then again, if there is a drawback break, ADA price could test the $0.0830 support. It speaks to the 100 hourly SMA and the 76.4% Fibonacci retracement level of the last wave from the $0.0792 low to $0.0940 high.

 

ADAUSD Price Chart 24 September

ADAUSD Price Chart 24 September

 

The diagram demonstrates that ADA price is exchanging with a bullish point over the $0.0850 level. On the upside, a break above $0.0940 may require a ride towards the $0.1000 and $0.1050 levels in the close term.

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

Hourly RSI – The RSI for ADA/USD is presently simply close to the 50 level.

Significant Support Level – $0.0850

Significant Resistance Level – $0.0940

#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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