Cardano Price Analysis: ADA/USD Trends of February 01–07, 2019

2019-2-1 18:06

CoinSpeaker
Cardano Price Analysis: ADA/USD Trends of February 01–07, 2019

Key Highlights: Cardano broke out of consolidation mode; the Bears prevailed over the bulls; the Bearish trend may continue. ADA/USD Price Long-term Trend: Bearish

Supply Zones: $0.042, $0.050, $0.058
Demand Zones: $0.030, $0.021, $0.011ADA/USD is on the bearish trend on the long-term outlook. The bears defended the supply zone of $0.050 and the coin broke out of the ranging zone which lasted for almost two weeks. The bears gained enough momentum to break down the former demand zone of $0.042 last week.

ADA price decreased towards the $0.030 price level; that is Cardano price is currently facing another significant demand zone which may require higher momentum to penetrate. Presently, the bears were in control of the Cardano market.

The two dynamic resistance and support (21-day EMA and 50-Day EMA) are above the ADA price as a sign of a bearish trend with the two EMAs bending down to follow the trend. The Relative Strength Index is at 40 levels and the signal line pointing to the south indicates a high probability of bearish trend continuation.

Cardano price may find its support at the previous low of $0.030 in case the bears maintain or gain more pressure to drive the coin downward but bearish momentum failure may lead to a change of trend direction.

ADA/USD Price Medium-term Trend: Ranging

On the medium-term outlook, ADA/USD is on the bearish trend. The Bears prevailed over the bulls last week as both the bears and the bulls were unable to make the coin rally before January 26. The bearish “inside bar” candle pattern formed on January 26 is an indication that the bears gained higher momentum to drive the market. $0.042 price level were broken downside and Cardano price declined towards $0.030 but unable to reach the mark before it was retraced towards the two dynamic support and resistance.

ADA price is trading below the 21-day EMA and 50-day EMA. The Relative Strength Index period 14 is at 40 levels with signal lines pointing up which indicates the buy signal.

Cardano Price Analysis: ADA/USD Trends of February 01–07, 2019

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0.8799 (-3.14%)
Объем 24H $1.173b
Изменеия 24h: -3.90 %, 7d: -19.24 %
Cегодня L: $0.8775 - H: $0.9214
Капитализация $30.907b Rank 9
Цена в час новости $ 0.0386089 (2179.01%)

price cardano 2019 february analysis ada usd

Источник: coinspeaker.com

price cardano → Результатов: 126


Cardano, Dogecoin, And XRP Price Are No Match For The ETFSwap (ETFS) 37,000% Rally By 2025

In the vibrant realm of cryptocurrency, some projects shine brightly for their innovation and potential for remarkable returns. Among them, ETFSwap (ETFS) is creating a buzz with its audacious target of a 37,000% surge by 2025, prompting investors to compare it to established tokens like the Cardano price, the Dogecoin price, and the XRP price, […]

2024-11-8 23:00


Фото:

Cardano Summit 2024 fuels optimism, but ADA price remains sluggish

Cardano (ADA) finds itself at a challenging crossroads as it faces continued price struggles amid high expectations and optimism following the recently concluded Cardano Summit 2024 in Dubai. Despite the summit’s major industry announcements and new strategic partnerships, ADA’s price remains under pressure, mirroring the broader cryptocurrency market’s volatility and drawing investor concerns over its […]

2024-11-3 13:27


Cardano Price Analysis & Prediction (June 1st) – ADA Retests This Channel’s Lower Boundary, as it Negotiates For a Break or Bounce

After witnessing a series of drops in the past weeks, Cardano reached a critical trading area where a major bounce or breakdown may come into play. Now negotiating for the next direction. The price of Cardano looks overstretched following past weeks of negative actions across the market. Due to the extreme drop in price, the […]

2023-6-2 09:13


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru