Cardano Price Analysis: ADA/USD Is In Downtrend

2018-6-18 11:00

Key Highlights ADA price started a fresh downside move from the $0.1750 swing high against the US Dollar (tethered). There is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move down towards the $0.1550 and $0.1505 support levels.

Cardano price failed to move higher and declined against the US Dollar and Bitcoin. ADA/USD is likely to extend the current decline towards the $0.1505 level.

Cardano Price Analysis

This past week, there was a minor upside recovery from the $0.1460 swing low in ADA price against the US Dollar. The price climbed above the $0.1500 and $0.1600 resistance levels, but it failed to hold gains. A top was formed around the $0.1740 level before the price started a downside move. It declined and broke the $0.1650 and $0.1600 support levels to settle below the 100 hourly simple moving average. There was also a break below the 50% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high.

At the moment, the price is trading well below the $0.1650 level and the 100 hourly SMA. It is testing the 61.8% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high. A break below the $0.1550 support level may well call for more slides towards the $0.1505 level in the near term. On the upside, there is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair.

The chart indicates the price could extend declines as long as it is below $0.1650 and the 100 hourly SMA. The most important support on the downside is at $0.1505 where buyers may put to test.

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

Hourly RSI – The RSI for ADA/USD is declining towards the 20 level.

Major Support Level – $0.1505

Major Resistance Level – $0.1600

The post Cardano Price Analysis: ADA/USD Is In Downtrend appeared first on NewsBTC.

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
Доступно / Всего 0 ADA

ada price usd cardano move pair downtrend

Источник: newsbtc.com

ada price → Результатов: 5


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


Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price

In this guide, we will voice our own and market’s opinion on ADA future while discussing Cardano price forecast for 2020 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price appeared first on CaptainAltcoin.

2020-11-19 19:37


Фото:

Will ADA Break Out Above 1500 Satoshis?

The Cardano (ADA) price has been increasing since March and doing so at an accelerated rate since June. The price is currently correcting, after which the upward move should resume. Long-Term ADA Movement The weekly chart for ADA shows a double bottom combined with significant bullish divergence on the weekly RSI from August 2019 – […] The post Will ADA Break Out Above 1500 Satoshis? appeared first on BeInCrypto.

2020-7-21 20:29


Партнеры Currencies.ru

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).