Cardano Price Analysis: ADA/USD Trends of November 16–22, 2018

2018-11-16 11:28

CoinSpeaker
Cardano Price Analysis: ADA/USD Trends of November 16–22, 2018

Key Highlights: There are possibilities that Cardano price may still fall; the trend may change in case Supply zone of $0.064 is broken; bears took over ADA market. ADA/USD Price Long-term Trend: Bearish

Supply Zones: $0.064, $0.069, $0.073
Demand Zones: $0.061, $0.058, $0.054Cardano resume to its downtrend movement. As it was predicted last week when the cryptocurrency formed descending triangle on the daily and 4-Hour chart to confirm the falling of the coin, ADA is in a bearish trend. The bears’ pressure on ADA price is strong as it is clearly seen on the chart, with the strong bearish candle that broke out from the lower trend line of the last week descending triangle. Cardano price was pushed to break downside the last week demand zones of $0.073, $0.069, $0.064.

ADA price is trading below 21-day EMA and the 50-day EMA, with the two EMAs far apart from each other which indicate the strong pressure of the bears. Moreover, the MACD with its histogram is below zero level and the signal lines pointing towards the south, which indicates that there are possibilities for the continuation of the downtrend.

ADA/USD Price Medium-term Trend: Bearish

On the 4-H chart, Cardano is in the bearish trend. ADA price started falling as the bears gained momentum to push ADA out of the consolidation phase. A Doji candle formed followed by a strong bearish candle that broke downside the former demand zones of $0.073 down to $0.061. The coin moved toward the demand zone of $0.058 but was interrupted by the bulls, returned ADA price to $0.064 supply zone.

Should the bulls push Cardano price up to break the supply zone of $0.064 upside, the trend may change to uptrend but in case the bears defend this zone there will be downtrend continuation.

ADA price is below21-day EMA and 50-day EMA, the two EMAs well separated from one another which connotes that the downtrend is ongoing. The MACD with its histogram is below zero levels with signal lines about bending to the north which indicates a buy signal, which may be a pullback before it continues its downtrend.

Cardano Price Analysis: ADA/USD Trends of November 16–22, 2018

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 $ 0.06234 (-100%)

cardano price 2018 november analysis trends ada

Источник: coinspeaker.com

cardano price → Результатов: 126


Cardano Price Prediction: ADA To Reach $10, But This Ethereum Coin Could Explode 20,000% First 

Crypto analysts are predicting that the Cardano price could surge to $10 soon despite its waning demand and poor performance this year. Amidst this bullish Cardano price prediction, some investors losing patience with the Cardano’s slow climb are moving to the ETFSwap (ETFS), a new Ethereum coin which top market experts predict will explode by […] The post Cardano Price Prediction: ADA To Reach $10, But This Ethereum Coin Could Explode 20,000% First  appeared first on CaptainAltcoin.

2024-11-2 20:00


Cardano Activity-Related Metrics Light Up Despite Price Testing Lows

On-chain data shows the Cardano activity-related indicators are still at high values, despite the price going downhill recently. Cardano Volume And Social Dominance Are Still At Notable Levels Cardano didn’t have the best of times in August, as the cryptocurrency’s price only saw decline, and so far, September hasn’t proved to be anything different, with […]

2023-9-4 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

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

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