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#Cardano Price Analysis

Will ADA rise? Cardano Price Analysis 1 Oct

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Cardano price is exchanging a bullish zone. ADA/USD is probably going to exchange above $0.0900 after a minor drawback revision.

Cardano Price Key Features

  • Cardano price is exchanging over the $0.0840 support and the 100 hourly SMA against the US Dollar (fastened).
  • There is a noteworthy bullish pattern line-shaped with support at $0.0840 on the hourly graph of the ADA/USD pair.
  • The pair could redress bring down in the here and now towards $0.0800 before purchasers show up.

Cardano price is exchanging a bullish zone against the US Dollar and Bitcoin. ADA/USD is probably going to exchange above $0.0900 after a minor drawback revision.

 

Cardano Price Analysis

After exchanging as low as $0.0745, Cardano price began an upward move against the US Dollar. The ADA/USD pair exchanged higher gradually and consistently over the $0.0800 and $0.0840 resistance levels. Cardano price exchanged near the $0.0900 level and settled over the 100 hourly basic moving normal. An intraday high was shaped at $0.0887 and later ADA price began a drawback redress.

Cardano price declined beneath the 23.6% Fibonacci retracement level of the last upward move from the $0.0745 low to $0.0887 high. Nonetheless, misfortunes were contained by the $0.0840 support and the 100 hourly SMA. All the more imperatively, there is a noteworthy bullish pattern line-shaped with support at $0.0840 on the hourly graph of the ADA/USD pair. Beneath the pattern line, the pair could slide towards the $0.0800 level. A middle support is $0.0810 and a half Fibonacci retracement level of the last upward move from the $0.0745 low to $0.0887 high. On the upside, ADA price needs to break the $0.0880 and $0.0890 levels to pick up footing.

 

ADAUSD Price Chart 1 October

ADAUSD Price Chart 1 October

 

The graph shows that Cardano price may maybe remedy a couple of focuses towards $0.0810 or $0.0800. Once the price finishes a redress wave, it could move above $0.0880. It might even clear the $0.0900 resistance and test the $0.1000 level.

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

Hourly RSI – The RSI for ADA/USD merely is underneath the 50 level.

Significant Support Level – $0.0815

Significant Resistance Level – $0.0880

#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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