Cardano ADA price moved into a bullish zone
Cardano ADA price moved into a bullish zone
ADA price moved into a bullish zone above the $0.1600 and $0.1700 levels against the US Dollar (tethered).
There is a tiny connecting bearish trend line with resistance at $0.1780 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair remains well supported above the $0.1700 and the 100 hourly simple moving average.
Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD has to move past $0.1800 to gain traction in the near term."Cardano ADA price moved into a bullish zone"
Cardano Price Analysis
There was a bearish reaction near the $0.1800 resistance zone in cardano price against the US Dollar. The ADA/USD pair declined below $0.1700 and traded close to the $0.1600 support. A low was formed at $0.1609 before the price recovered sharply. There was a close above the $0.1700 level and the 100 hourly simple moving average. However, the price faced a major resistance near $0.17800.
Moreover, there is a tiny connecting bearish trend line with resistance at $0.1780 on the hourly chart of the ADA/USD pair. The ADA/USD pair is currently correcting lower and Cardano ADA is trading below the 23.5% Fib retracement level of the last wave from the $0.1608 low to $0.1782 high. On the downside, but there are many supports near the $0.1700 and $0.1670 levels. Additionally, the 50% Fib retracement level of the last wave from the $0.1609 low to $0.1781 high is also near $0.1700 to act as a support.
Cardano Price Analysis ADA USD
The chart indicates that the price may perhaps break the $0.1780 and $0.1800 resistance levels. Above $0.1800, the price could move towards the next major hurdle near $0.2000. On the flip side, if the price breaks the $0.1700 support and the 100 hourly SMA, there could be more declines towards the $0.1600 level.'Cardano ADA price moved into a bullish zone'
As Per Hour MACD – The MACD for ADA/USD is slightly moved in the bullish zone.
As Per Hour RSI – The RSI for ADA/USD is moving lower towards the 50 level.
Support Level – $0.1700,Resistance Level – $0.1800
Cardano ADA price moved into a bullish zone
Reviewed by mir khaleq ali
on
July 25, 2018
Rating:
Reviewed by mir khaleq ali
on
July 25, 2018
Rating:
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