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#Cardano Price Analysis

Cardano Price Analysis: ADA/USD rising slowly, 5 September.

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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 discovered support over the $0.1000 level and it is right now moving higher against the US Dollar (tethered).
  • There is a noteworthy bullish pattern line set up with support at $0.1050 on the hourly chart of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to move higher towards the $0.1080 and $0.1100 resistance levels.

Cardano price is gradually ascending against the US Dollar and Bitcoin. ADA/USD could keep on moving higher towards the $0.1100 level in the close term.

Cardano Price Analysis

There was a drawback rectification as of late in Cardano price from the $0.1104 high against the US Dollar. The ADA/USD pair declined and broke the $0.1050 support level. Be that as it may, purchasers showed up close to the $0.1010 level and the 100 hourly straightforward moving normal. Subsequently, Cardano price began a crisp upward move and exchanged over the 23.6% Fibonacci retracement level of the drop from the $0.1104 high to $0.1099 low.

Cardano price even moved over the $0.1050 with bullish moves. Be that as it may, the upside move was topped by the $0.1070 zone. It is the 61.8% Fibonacci retracement level of the drop from the $0.1104 high to $0.1099 low. In addition, there is an interfacing resistance drift line set up with current obstacle at $0.1080 on the hourly chart of the ADA/USD pair. On the drawback, the pair is trying the $0.1050 support and the 100 hourly SMA. Also, there is a noteworthy bullish pattern line set up with support at $0.1050 on a similar chart.

ADAUSD Price Chart 5 September

ADAUSD Price Chart 5 September

The chart demonstrates that ADA price is probably going to move higher towards $0.1080 as long as it is above $0.1050 and $0.1020. Above $0.1080, the price may maybe test the $0.1100 resistance territory. On the other side, a break underneath $0.1020 could drive the price towards the $0.1000 support.

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

Hourly RSI – The RSI for ADA/USD is presently close to the 50 level.

Significant Support Level – $0.1050

Significant Resistance Level – $0.1100

#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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