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#Cardano Price Analysis

Cardano Price Analysis ADA/USD

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Cardano Price Key Features

  • Cardano price stays maintained over the $0.1350 turn an area against the US Dollar (attached).
  • There is a key contracting triangle encircling with restriction close $0.1450 on the hourly chart of the ADA/USD consolidate.
  • A break over the $0.1450 and $0.1500 deterrent levels may open the passages for more grabs.

Cardano price return in a positive zone against the US Dollar and Bitcoin. ADA/USD remains in an uptrend as long as it is finished the $0.1250 support level.

Cardano Price Analysis

This earlier week, there was an essential downside move underneath $0.1250 in Cardano price against the US Dollar. The ADA/USD coordinate traded towards the $0.1100 level and formed a low at $0.1133. Subsequently, there was an upside move and Cardano price bobbed over the $0.1300 check level. It even attempted the $0.1450 obstacle zone and is at display put well finished the 100 hourly essential moving ordinary.

A high was encircled at $0.1458 and Cardano price is correct presently changing lower. A hidden help is near the 23.6% Lie retracement level of the last wave from the $0.1133 low to $0.1458 high. There is moreover a key contracting triangle encircling with block close $0.1450 on the hourly chart of the ADA/USD coordinate. The triangle reinforce is at $0.1350, which could accept a basic part in the nearby term. Underneath this, Cardano price could test the half Lie retracement level of the last wave from the $0.1133 low to $0.1458 high around $0.1290.

Cardano Price ADA to USD Chart

Cardano Price ADA to USD Chart

The blueprint demonstrates that Cardano price is all around maintained over the $0.1300 and $0.1250 levels. To begin more gets, the price needs to move over the $0.1450 and $0.1500 restriction levels. Over this last, the accompanying stop for buyers could be around the $0.1650 level.

Hourly MACD – The MACD for ADA/USD is part by part eloquent back in the bearish region.

Hourly RSI – The RSI for ADA/USD is moving downwards towards the 50 level with fair-minded signs.

Critical Help Level – $0.1300

Critical Opposition Level – $0.1450

#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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