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#Cardano Price Analysis

Cardano Price Analysis ADA/USD Bulls Target $0.20, 18 July.

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Cardano price is exchanging with positive moves against the US Dollar and Bitcoin. ADA/USD must break the $0.100 and $0.105 resistance levels.

Cardano Price Key Highlights

  • Cardano price moved higher and broke the $0.1500 and $0.1700 resistance levels against the US Dollar (fastened).
  • There is a critical bullish pattern line set up with support at $0.1600 on the hourly diagram of the ADA/USD match (information feed by means of Bittrex).
  • The combine may maybe keep on moving higher and it could return to the $0.2000 resistance zone.

Cardano price is surging against the US Dollar, Ethereum and Bitcoin. ADA/USD stays in a strong uptrend and it may quicken advance higher.

Cardano Price Analysis

After a minor plunge, Cardano price shaped a support base close to the $0.1500 level against the US Dollar. The ADA/USD combine moved higher and broke two or three imperative resistances, for example, $0.1500 and $0.1700. Purchasers could drive Cardano price over the $0.1850 level and a high was shaped at $0.1869. Right now, the price is solidifying underneath $0.1850.

It as of late tried the 23.6% Fib retracement level of the last leg from the $0.1501 low to $0.1869 high. Be that as it may, misfortunes were restricted and Cardano price discovered support close $0.1780. In the event that there are further slides, the following support is close to the $0.1680 level. The expressed level speaks to the half Fib retracement level of the last leg from the $0.1501 low to $0.1869 high. In addition, there is a critical bullish pattern line set up with support at $0.1600 on the hourly graph of the ADA/USD match. Consequently, plunges from the present levels are probably going to discover purchasers close $0.1780, $0.1680 and $0.1600.

ADAUSD Price Chart 18 July

ADAUSD Price Chart 18 July

The diagram shows that Cardano price may keep on grinding above $0.1850. A break over the ongoing high at $0.1869 could clear the way for more increases above $0.1900. The following stop for purchasers will no doubt be close to the $0.2000 boundary.

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

Hourly RSI – The RSI for ADA/USD is as of now in the overbought levels with no indication of a descending redress.

Major Support Level – $0.1780

Major Resistance Level – $0.1900

#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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