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#Cardano Price Analysis

Cardano Price Analysis ADA/USD Bullish Pattern, 16 July.

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Cardano price popped higher and broke the $0.1330 resistance zone against the US Dollar. The match is probably going to move to facilitate higher.

Cardano Price Key Highlights

  • Cardano price popped higher and broke the $0.1330 resistance zone against the US Dollar (fastened).
  • There was a break over a key contracting triangle with resistance close $0.1390 on the hourly graph of the ADA/USD combine (information feed through Bittrex).
  • The match is probably going to move to facilitate higher and it could before long break the $0.1450 resistance.

Cardano price is set in a bullish zone against the US Dollar and Bitcoin. ADA/USD is probably going to quicken over the $0.1450 and $0.1500 resistances in the close term.

Cardano Price Analysis

There was a better than average support base shaped over the $0.1250 level in Cardano price against the US Dollar. The ADA/USD combine began a decent upside move and broke the $0.1300 and $0.1330 resistance levels. The upside move was solid as Cardano price settled over the $0.1320 rotate level and the 100 hourly straightforward moving normal. A middle of the road low was framed at $0.1329 before Cardano price moved over the $0.1400 resistance.

Amid the upside, there was a break over a key contracting triangle with resistance close $0.1390 on the hourly outline of the ADA/USD match. The match exchanged as high as $0.1457 before remedying lower. It tried the 38.2% Fib retracement level of the last wave from the $0.1329 low to $0.1457 high. The combine stays supported on the drawback close to the $0.1400 level. In addition, the half Fib retracement level of the last wave from the $0.1329 low to $0.1457 high at $0.1393 is likewise a solid support.

ADAUSD Price Chart 16 July

ADAUSD Price Chart 16 July

The diagram shows that Cardano price is probably going to move over the $0.1450 resistance in the close term. The following obstacle for purchasers anticipates close $0.1500, which could counteract picks up. Generally, the present price activity recommends more pick up in ADA as long as Cardano price is above $0.1400.

Hourly MACD – The MACD for ADA/USD is going to move back in the bullish zone.

Hourly RSI – The RSI for ADA/USD is moving higher and is situated over the 50 level.

Major Support Level – $0.1400

Major Resistance Level – $0.1450

#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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