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#Cardano Price Analysis

Cardano Price Analysis ADA/USD might approach $0.1340, 13 July.

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Cardano price analysis 13 July

Cardano Price Key Features

  • (ADA) Cardano price declined towards the $0.1220 level before beginning an upside rectification against the US Dollar (fastened).
  • There is a critical bearish pattern line-shaped with resistance at $0.1340 on the hourly chart of the ADA/USD match (information feed by means of Bittrex).
  • The match is recouping and it appears as though it is drawing nearer towards the $0.1320 and $0.1340 resistances.

Cardano price is gradually recouping against the US Dollar and Bitcoin. ADA/USD must break the $0.1340 resistance to recuperate encourage in the close term.

Cardano Price Analysis

After a break underneath the $0.1340 support, Cardano price declined advance against the US Dollar. The ADA/USD combine broke the $0.1250 support and exchanged near the $0.1220 level. A low was framed at $0.1220 before Cardano price began an upside amendment. It picked up force and moved over the 23.6% Lie retracement level of the last drop from the $0.1449 high to $0.1220 low.

In any case, there are numerous boundaries looking out for the upside to close $0.1340 to avert picks up. An underlying resistance is close to the $0.1320 level. Over this, the most essential resistance is close to $0.1340 and the 100 hourly straightforward moving normal. There is additionally an essential bearish pattern line-shaped with resistance at $0.1340 on the hourly chart of the ADA/USD match. All the more essentially, the half Lie retracement level of the last drop from the $0.1449 high to $0.1220 low is situated close to the $0.1335 to stop the present upside move. Consequently, it appears like a break over the $0.1340 level won’t be simple.

ADAUSD Chart 13 July

ADAUSD Chart 13 July

The chart shows that Cardano price may keep on moving higher towards $0.1340. Be that as it may, a break above $0.1340 relies upon how bitcoin and Ethereum exchange the close term. On the drawback, supports are seen close to the $0.1240 and $0.1220 levels.

Hourly MACD – The MACD for ADA/USD is currently put pleasantly in the bullish zone.

Hourly RSI – The RSI for ADA/USD is as of now moving higher and is put well over the 50 level.

Significant Support Level – $0.1240

Significant Resistance Level – $0.1340

#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

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#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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