Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700

2018-7-30 11:00

Key Highlights ADA price declined further and traded below the $0.1620 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is under pressure and upsides will most likely be capped by the $0.1650 and $0.1680 levels.

Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD could extend declines as long as it is below the $0.1700 level.

Cardano Price Analysis

In the last analysis, we discussed that cardano price remained at a risk of more losses below $0.1600 against the US Dollar. The ADA/USD pair did move down and broke the $0.1600 support. It traded as low as $0.1560 and later recovered. However, the upside move was capped by the $0.1700 level and the 100 hourly simple moving average. The price declined once again and is currently trading near the $0.1600 level.

On the upside, an initial resistance is near the $0.1620 level and the 23.6% Fib retracement level of the last drop from the $0.1691 high to $0.1595 low. Above this, the next key resistance is near the $0.1650 level. It coincides with the 50% Fib retracement level of the last drop from the $0.1691 high to $0.1595 low. Moreover, there is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair. A successful close above the trend line and $0.1680 is needed for more gains in ADA.

The chart indicates that the price is clearly under a lot of pressure below $0.1700. If it fails to stay above the $0.1580 and $0.1560 support levels, there could be a slide towards $0.1500. Overall, buyers need to push the price above $0.1700 to avoid further declines.

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

Hourly RSI – The RSI for ADA/USD is moving lower towards the 40 level.

Major Support Level – $0.1580

Major Resistance Level – $0.1700

The post Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700 appeared first on NewsBTC.

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 $ 0.15754508 (-100%)

ada price capped upsides usd cardano pair

Источник: newsbtc.com

ada price → Результатов: 42


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


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).