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#Cardano Price Analysis

Cardano Price Analysis ADA/USD might get Bullish 4 July

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Key Highlights Cardano Price Analysis ADA/USD might get Bullish 4 July

  • ADA price began a drawback rectification in the wake of exchanging over the $0.1500 level against the US Dollar (fastened).
  • There is a noteworthy bullish pattern line framed with help at 0.1450 on the hourly outline of the ADA/USD match (information feed by means of Bittrex).
  • The match must remain over the $0.1450 bolster and the 100 hourly straightforward moving normal to remain in a bullish zone.

Cardano price is as of now rectifying lower against the US Dollar and Bitcoin. ADA/USD must hold the $0.1450 support to continue its upside move back above $0.1500.

 

Cardano Price Analysis

Amid the previous three days, there were respectable increases above $0.1500 in ADA price against the US Dollar. The ADA/USD match exchanged over the $0.1600 level and framed a high at $0.1610. Afterward, a drawback remedy was started and the price declined underneath the $0.1500 bolster region. There was additionally a break beneath the half Fib retracement level of the last leg from the $0.1345 low to $0.1610 high.

Notwithstanding, the price is presently exchanging close to a noteworthy help at $0.1450, which was an opposition before. There is additionally a noteworthy bullish pattern line framed with help at 0.1450 on the hourly outline of the ADA/USD combine. In addition, the 61.8% Fib retracement level of the last leg from the $0.1345 low to $0.1610 high is at $0.1446. At last, the 100 hourly basic moving normal is situated close to the pattern line and $0.1450. In this way, the pattern line and the $0.1450 bolster holds a ton of significance. A break underneath this could drive the price back towards the $0.1300 level.

 

Cardano Price Analysis 4 July

Cardano Price Analysis 4 July

 

Cardano Price Analysis ADA USD

The outline shows that the price is probably going to remain over the $0.1450 bolster. On the upside, it needs to move over the $0.1500 opposition by and by to continue its upside move in the close term.

Hourly MACD – The MACD for ADA/USD is right now moving in the bearish zone.

Hourly RSI – The RSI for ADA/USD is presently close to the 40 level with impartial signs.

Significant Support Level – $0.1450

Significant Resistance Level – $0.1500

#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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