Cardano (ADA) Price Analysis: Trends of September 14 – 20, 2018

2018-9-15 14:45

 

Key Highlights:

There may be upward movement next week;
More bearish candles are formed;
Traders are advised to trade along with the trend.

ADA/USD Price Long-term Trend: Bearish

Supply Zones: $0.0.08, $0.11, $0.13
Demand Zones: $0.05, $0.04, $0.03

ADA/USD moved towards south last week with the formation of massive bearish candles on the daily chart. It headed towards lower trend line and broke the last week strong demand Zone of $0.08 as it was forecasted last week. The coin continued its bearish movement in its long-term. Currently, the price is trending downwardly towards the level that it was last year November.

The EMA 4-day still remains below the 50-day EMA and ADA/USD remains below the 4-day EMA. On the daily chart, more bearish candles are formed, which indicate the possibility of further downside movement. There is a probability that the price may retest the supply zone of $0.08 as the bullish inside bar candle formed at the demand zone of $0.05.

The RSI 14 is at the oversold below 20-level pointing towards the north. There may be upward movement next week should the demand zone of $0.05 holds.

ADA/USD Medium-term Trend: Bearish

Cardano on the 4-H chart is also bearish. Last week, the bullish movement of the coin was interrupted by the formation of massive bearish candles. The price reduces towards the demand zone of $0.08 and broke the demand zone downwardly, exposed the price to another demand zone of $0.05. The price had a rejection which ended up with the formation of the bullish candles on 4-H chart.

The price was below 4-day EMA moved far away from 50-day EMA downside. At present, the price is returning towards the north with the formation of more bullish candles. The price may retest the supply zone of $0.08.

The RSI 14 is above 40 level with the signal line pointing upwards. There is a probability for the coin to retest the supply zone of $0.08 before break out. Should the supply zone of $0.08 broken an uptrend movement will be triggered. Traders should remember that trend is our friend.

 

Disclaimer: The views and opinions expressed here do not reflect that of Coinspeaker.com and do not constitute financial advice. Always do your own research. The charts for the analysis are provided by TradingView

 

The post Cardano (ADA) Price Analysis: Trends of September 14 – 20, 2018 appeared first on CoinSpeaker.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.0695018 (-100%)

price 2018 zone cardano trends analysis ada

Источник: coinspeaker.com

price 2018 → Результатов: 126


Фото:

DPW Holdings New Hydroelectric Dam Is A Crypto Mining Revolution

Valatie Falls Hydroelectric Dam, New York, is set to see a new life within cryptocurrency mining, after firm DPW Holdings Inc made a bid to purchase the aging dam in March 2018. This will see a new cryptocurrency mining branch open up within DPW Holdings, a brave move considering the falling profitability of cryptocurrency mining as a result of depleting values from currencies such as Bitcoin and Litecoin and of course, an increase in the price of energy and mining equipment.

2018-8-28 14:00


Big Think Media Publication Says Bitcoin Mainstream Adoption is Closer Than Ever Before

2017 marked the year for cryptocurrencies, as Bitcoin’s price jumped from USD$970 to over USD$19,000, which is approximately a growth of 1900%. Unfortunately, similar trends were not successfully carried over to 2018, as Bitcoin dropped to a third of its all-time high, with both altcoins and the total market capitalization getting hard hits. A recent […]

2018-8-27 19:45


Фото:

Bank of America Interested in Cryptocurrency Storage Patent

Cryptocurrency–Despite the lack of positive price movement in the cryptomarkets over the preceding weeks, adoption and recognition for the industry continues to climb. While 2018 has the makings to be remembered as the worst bear cycle in the lifetime of crypto, many pundits within the industry have been keen to point out that adoption for […] The post Bank of America Interested in Cryptocurrency Storage Patent appeared first on Ethereum World News.

2018-8-25 21:06


Фото:

Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin

The downward spiral of a journey that the global crypto market has embarked on since the beginning of 2018 is expectedly making a lot of investors and industry stakeholders uneasy. But not Joseph Lubin, the co-founder of Ethereum, who seems convinced that plummeting prices are nowhere near bad enough to jeopardize the growth of the […] Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-18 17:09


Фото:

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly Read More The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

2018-8-16 13:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano Update: ADA Faces Make-Or-Break Price Level For Bullish Revival

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the beginning of March.

Panel Of Experts Reveal When The Cardano Price Will Reach $3

Panelists at global fintech company Finder have relayed a series of projections on the Cardano native token ADA. Despite the cryptocurrency’s slow growth recently, various crypto experts have predicted the price of ADA to surge to record highs soon.

Cardano (ADA) Price Rally Is Far From Over, Here’s Why

Cardano (ADA) has notably trailed behind that of its contemporaries in the ongoing crypto bull run. While Bitcoin has surged to record new all-time highs, alongside a suite of other altcoins, ADA remains approximately 77% beneath its peak historical value.

Cardano Price Poised To Rally 650% By July 2024: Crypto Analyst

According to crypto analyst Ali Martinez, Cardano (ADA) is exhibiting a price consolidation pattern that is highly bullish. Drawing parallels to the consolidation phase of 2018-2020, Martinez points out that ADA’s current trend is a mirror image, albeit without the disastrous COVID-19 crash.