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#Cardano Price Analysis

Cardano Price Analysis: ADA/USD 29 June

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Cardano Price – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar. View the latest ADA price

Key Highlights Cardano Price Analysis: ADA/USD 29 June

  • Cardano price is under overwhelming weight and is as of now exchanging admirably beneath $0.1300 against the US Dollar (fastened).
  • There is an eloquent bearish pattern line mounted with hindrance at $0.1210 on the hourly diagram of the ADA/USD match.
  • The match is probably going to proceed with its drawback move towards the $0.1100 bolster level in the close term.

Cardano price expanded its slide against the US Dollar and Bitcoin. ADA/USD stays at a menace of more squalor towards the $0.1100 and $0.1000 parallel.

 

Cardano Price Analysis

There was a minor upside move over the $0.1250 level as of late in ADA price against the US Dollar. The ADA/USD combine exchanged towards $0.1300, however it neglected to pick up upside force. Accordingly, there was a drawback response and the price declined underneath the $0.1200 bolster. The drop was with the end goal that the price exchanged to another month to month low underneath $0.1140 and is as of now exchanging admirably beneath the 100 hourly straightforward moving normal.

A low was framed at $0.1132 and the price is right now adjusting higher. An underlying opposition is close to the 38.2% Fib retracement level of the last decay from the $0.1287 high to $0.1132 low. In any case, the most critical obstruction is close to the $0.1210 level. There is likewise an essential bearish pattern line framed with obstruction at $0.1210 on the hourly graph of the ADA/USD combine. It concurs with the half Fib retracement level of the last decrease from the $0.1287 high to $0.1132 low. Along these lines, any upside move from the present levels is probably going to confront merchants close $0.1210.

Cardano Price Analysis june 29

Cardano Price Analysis june 29

 

Cardano Price Analysis ADA USD

The outline shows that the price is obviously in a noteworthy downtrend underneath $0.1500. More misfortunes are likely towards the $0.1100 and $0.1000 bolster levels in the close term.

Hourly MACD – The MACD for ADA/USD is elevating measure in the bearish territory.

Hourly RSI – The RSI for ADA/USD is close to the oversold levels with no real indication of a recuperation.

Significant Support Level – $0.1100

Significant Resistance Level – $0.1210

#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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