Cardano Price Analysis: ADA/USD Primed for Gains above $0.1800

2018-7-25 11:00

Key Highlights ADA price moved into a bullish zone above the $0.1600 and $0.1700 levels against the US Dollar (tethered). There is a tiny connecting bearish trend line with resistance at $0.1780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains well supported above the $0.1700 and the 100 hourly simple moving average.

Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD has to move past $0.1800 to gain traction in the near term.

Cardano Price Analysis

There was a bearish reaction near the $0.1800 resistance zone in cardano price against the US Dollar. The ADA/USD pair declined below $0.1700 and traded close to the $0.1600 support. A low was formed at $0.1609 before the price recovered sharply. There was a close above the $0.1700 level and the 100 hourly simple moving average. However, the price faced a major resistance near $0.17800.

Moreover, there is a tiny connecting bearish trend line with resistance at $0.1780 on the hourly chart of the ADA/USD pair. The pair is currently correcting lower and is trading below the 23.6% Fib retracement level of the last wave from the $0.1609 low to $0.1781 high. On the downside, there are many supports near the $0.1700 and $0.1680 levels. Additionally, the 50% Fib retracement level of the last wave from the $0.1609 low to $0.1781 high is also near $0.1700 to act as a support.

The chart indicates that the price may perhaps break the $0.1780 and $0.1800 resistance levels. Above $0.1800, the price could move towards the next major hurdle near $0.2000. On the flip side, if the price breaks the $0.1700 support and the 100 hourly SMA, there could be more declines towards the $0.1600 level.

Hourly MACD – The MACD for ADA/USD is slightly placed in the bullish zone.

Hourly RSI – The RSI for ADA/USD is moving lower towards the 50 level.

Major Support Level – $0.1700

Major Resistance Level – $0.1800

The post Cardano Price Analysis: ADA/USD Primed for Gains above $0.1800 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 1.2043 (+1.78%)
Объем 24H $5.87b
Изменеия 24h: 1.07 %, 7d: 32.46 %
Cегодня L: $1.1832 - H: $1.2128
Капитализация $42.253b Rank 8
Цена в час новости $ 0.167972 (616.96%)

ada above price usd 1700 cardano pair

Источник: newsbtc.com

ada above → Результатов: 12


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano Price Analysis: ADA/USD Primed for More Gains

Key Highlights ADA price formed a decent support base near the $0. 0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0. 0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

Cardano Price Analysis: ADA/USD Could Test $0.060

Key Highlights ADA price declined further and broke the $0. 0700 support level against the US Dollar (tethered). There is a major declining channel in place with resistance at $0. 0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

Cardano Price Analysis: ADA/USD Likely To Extend Declines

Key Highlights ADA price is under heavy pressure and it could soon break the $0. 0740 support against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0. 0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex).