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#Cardano Price Analysis

Cardano Price Analysis: ADA/USD bearish pattern, 10 Sep.

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Cardano price is moving lower against the US Dollar and Bitcoin. ADA/USD may keep on trading lower towards the $0.0600 support region if merchants stay in charge.

Cardano Price Key Features

  • Cardano price is under substantial weight and it could before long break the $0.0740 support against the US Dollar (fastened).
  • There is a key bearish pattern line shaped with resistance at $0.0780 on the hourly graph of the ADA/USD match (information feed by means of Bittrex).
  • The pair is right now moving lower and it might before long break the $0.0735 swing low.

Cardano price is exchanging with bearish moves against the US Dollar and Bitcoin. ADA/USD may keep on moving down towards the $0.0700 and $0.0650 levels.

Cardano Price Analysis

This previous week, we saw a bearish response underneath the $0.0900 and $0.0800 levels in cardano price against the US Dollar. The ADA/USD match exchanged towards the $0.0720 level and shaped a low at $0.0735. As of late, it began a minor upside adjustment and exchanged over the $0.0800 level. There was additionally a break over the 23.6% Fibonacci retracement level of the last decay from the $0.0898 high to $0.0735 low.

Be that as it may, the upside move was topped by the $0.0810 level. It appears as though Cardano price neglected to clear the half Fibonacci retracement level of the last decay from the $0.0898 high to $0.0735 low. Besides, there is a key bearish pattern line shaped with resistance at $0.0780 on the hourly graph of the ADA/USD combine. Should cardano price break the pattern line, it could confront a solid resistance close to the $0.0815 level and the 100 hourly straightforward moving normal. An effective close above $0.0815 resistance and the 100 hourly may well the entryways for a recuperation to $0.0900.

ADAUSD Price Chart 10 September

ADAUSD Price Chart 10 September

The outline shows that Cardano price is in a declining mode underneath the $0.0815 level. In the event that venders stay in charge, the price is probably going to break the $0.0735 low and the $0.0720 support. The following key support beneath $0.0720 is close to the $0.0650.

Hourly MACD – The MACD for ADA/USD is generally in the bearish zone.

Hourly RSI – The RSI for ADA/USD is right now well beneath the 50 level.

Real Support Level – $0.0735

Real Resistance Level – $0.0815

#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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