Connect with us

#Cardano Price Analysis

Cardano Price Analysis: ADA/USD Downtrend Continues

Published

on

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 Features Cardano ADA/USD 27 June

  • Cardano – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar (attached).
  • There are two key bearish example lines molded with restriction at $0.1300 and $0.1350 on the hourly graph of the ADA/USD join (data feed by Bittrex).
  • The consolidate is likely going to grow the present slide beneath the $0.1250 reinforce level in the nearby term.

Cardano esteem endeavored to hold gets against USD and BTC. ADA/USD is as of now in a bearish example with supports at $0.1200 and $0.1100.

 

Cardano price 27 june

Cardano price 27 june

 

Cardano-ADA Value Investigation

There was no upside break above $0.1500 in Cardano price against the US Dollar. The ADA/USD coordinate even fail to settle over the $0.1400 check level. In this manner, there was a downside reaction and the cost declined underneath the $0.1300 support an area. It is by and by trading extraordinary underneath the $0.1400 turn level and the 100 hourly clear moving normals.

In the midst of the continuous slide, the cost broke the 61.8% Lie retracement level of the last wave from the $0.1197 low to $0.1388 high. It has opened the portals for more adversities and the cost is directly at a threat of further slides underneath $0.1250. The accompanying help on the downside is seen near $0.1200. Underneath this, the cost may possibly test the $0.1100 level. On the upside, there are various insurances underneath the $0.1400 level. More essentially, there are two key bearish example lines surrounded with restriction at $0.1300 and $0.1350 on the hourly blueprint of the ADA/USD consolidate.

 

ADA/USD Cardano price examination 27 June

The above outline graph demonstrates that the cost is most likely going to face a ton of shippers on the upside among $0.1300 and $0.1400. Only a compelling close above $0.1400 may stop the present slide. If not, the cost will without a doubt widen rots towards the $0.1100 level.

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

Hourly RSI – The RSI for ADA/USD is as of now well underneath the 50 level with bearish signs.

Noteworthy Help Level – $0.1200

Noteworthy Opposition Level – $0.1350

#Cardano Price Analysis

ADA Daily Trading Signals: 24 October

Published

on

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

Continue Reading

#Cardano Price Analysis

ADA Daily Trading Signals: 23 October

Published

on

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

Published

on

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.

Continue Reading

Trending