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#Cardano Price Analysis

Cardano Price Analysis: ADA/USD moving lower, 12 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 declined further and broke the $0.0700 support level against the US Dollar (fastened).
  • There is a noteworthy declining direct set up with resistance at $0.0700 on the hourly graph of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to break the $0.0620 support region and decrease advance in the close term.

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 Analysis

This week, there were substantial decreases beneath the $0.0900 support in Cardano price against the US Dollar. The ADA/USD pair declined and broke two or three vital support levels like $0.0800 and $0.0750. The decrease was with the end goal that Cardano price as of late broke the $0.0700 support region and jumped underneath $0.0650. Another month to month low was shaped at $0.0628 and ADA price stays in a bearish zone.

An underlying resistance on the upside is close $0.0670. It speaks to the 23.6% Fibonacci retracement level of the last slide from the $0.0810 high to $0.0628 low. All the more imperatively, there is a noteworthy declining direct set up with resistance at $0.0700 on the hourly graph of the ADA/USD pair. Over the channel resistance, the following obstacle is close to the $0.0720 level. The expressed $0.0720 level is near the half Fibonacci retracement level of the last slide from the $0.0810 high to $0.0628 low. Finally, the 100 hourly basic moving normal is situated close to the $0.0760 level to go about as an obstacle for purchasers.

ADAUSD Price Chart 12 September

ADAUSD Price Chart 12 September

The outline shows that Cardano price may adjust a couple of focuses in the here and now towards $0.0700. Notwithstanding, upsides are probably going to be topped by the $0.0700 and $0.0720 resistance levels. On the drawback, a break beneath the $0.0628 low could open the entryways for a push to $0.0600.

Hourly MACD – The MACD for ADA/USD is as of now in the bearish zone.

Hourly RSI – The RSI for ADA/USD is by and by well underneath the 40 level.

Significant Support Level – $0.0600

Significant Resistance Level – $0.0720

#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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