Cardano Price Analysis: ADA/USD Rising Steadily Towards $0.10

2018-8-28 11:00

Key Highlights ADA price has formed a support base near the $0.0920 level against the US Dollar (tethered). There is an ascending channel in place with support at $0.0925 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to rise slowly towards the $0.0980 and $0.1000 levels in the near term.

Cardano price is trading in a bullish zone against the US Dollar while declining versus Bitcoin. ADA/USD is likely to climb higher towards the $0.1000 level as long as it is above $0.090.

Cardano Price Analysis

There were a couple of swing moves noted near the $0.0900 support in cardano price against the US Dollar.  The ADA/USD pair formed a base above the $0.0900 level and later started an upside move. It traded above the $0.0920 level and settled above the 100 hourly simple moving average. The price traded as high as $0.0968 and it is currently correcting lower.

The recent pullback was below the 23.6% Fibonacci retracement level of the last wave from the $0.0905 low to $0.0968 high. On the downside, there are many supports near the $0.0930 level. It represents the 50% Fibonacci retracement level of the last wave from the $0.0905 low to $0.0968 high. Below this, the 100 hourly SMA is positioned near the $0.0920. More importantly, there is an ascending channel in place with support at $0.0925 on the hourly chart of the ADA/USD pair. As long as the pair is following the highlighted channel and support at $0.0920, it could continue to move higher in the near term.

The chart indicates that ADA price has formed a solid support above $0.0900. However, on the upside, the $0.1000 level is a strong resistance and it won’t be easy for buyers to push the price above it.

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

Hourly RSI – The RSI for ADA/USD is retreating from the 70 level.

Major Support Level – $0.0920

Major Resistance Level – $0.1000

The post Cardano Price Analysis: ADA/USD Rising Steadily Towards $0.10 appeared first on NewsBTC.

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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 $ 0.1026 (-100%)

ada price usd towards pair cardano support

Источник: newsbtc.com

ada price → Результатов: 64


Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall

To conclude, there are three reasons why the ADA price trend is considered bearish: The breakdown from the $0.350 horizontal area The invalidation of the bullish divergence trendline in the weekly RSI ADA's long-term descending resistance line The post Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall appeared first on BeInCrypto.

2022-12-29 19:45


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