CARDANO (ADA) Daily Price Forecast –January 9

2019-1-9 14:23

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to a bullish trend in its medium-term outlook. The cryptocurrency is in an ascending channel as the bullish momentum is sustained. $0.04753 in the demand area was the point the bulls gradually return after the loss in bears pressure.

The engulfing candle at $0.04888 led ADAUSD at $0.05155 in the supply area before the end of yesterday session.

The 4-hour opening candle at $0.04952 sustained the bullish momentum as ADAUSD rose to $0.05152 shortly after opening.

The fourth touch on the upper line of the channel is imminent and this may result in a breakout to the upside. The stochastic oscillator signal points up at 65% which suggest upward momentum in price in the medium-term.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. ADAUSD is forming higher highs and higher lows which is synonymous with up trending market in the short-term outlook.

The formation of a bullish engulfing candle shortly after opening at $0.04962 further gave the bull full control of the market.

The stochastic oscillator is in the overbought region at 84% and it signal points up which implies upward momentum in price of the cryptocurrency in the short-term.

 

 

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Similar to Notcoin - TapSwap on Solana 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 $ 0.0434781 (-100%)

ada bullish zones demand trend medium-term sustained

ada bullish → Результатов: 66


Cardano (ADA) Leads Bullish Charge, Is The Market Sobering?

The market is green again. Since the market rallied during the weekend, bulls have remained adamant and are not allowing bears any room to take over again. Could this be a sign that the market is finally sobering up? For the past four weeks, the market has been stumbling and falling and for some time, […] The post Cardano (ADA) Leads Bullish Charge, Is The Market Sobering? appeared first on ZyCrypto.

2018-12-13 20:08


CARDANO (ADA) Long-term Price forecast-December 1

ADA/USD Long-term Trend –Bullish Supply zone: $0.0600, $0.0800, $0.1000 Demand zone: $0.0100, $0.0080, $0.0060 ADA returns to a bullish trend in its long-term outlook. The strong bearish pressure was gradually weakening after the formation of a bearish spinning top on 25th November when ADAUSD was down to $0.03306 in the demand  area. Each bullish push […]

2018-12-2 22:49