THELOGICALINDIAN - Key Highlights
Cardano amount is in a apathetic uptrend adjoin the US Dollar and Bitcoin. ADA/USD is acceptable to extend assets aloft the $0.65 and $0.68 levels in the abreast term.
Cardano Price Trend
A short-term bottom was formed aloft $0.5000 in ADA amount adjoin the US Dollar. The amount started an upside move from the $0.5157 beat low and traded aloft the $0.6000 level. The upside move was absolute aloft $0.6000 back the amount was able to abutting aloft the 100 alternate simple affective average. It traded as aerial as $0.6859 from area it adapted lower. It confused bottomward beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.5157 low to $0.6859 high.
On the downside, there is a major bullish trend line basic with abutment at $0.6200 on the alternate blueprint of ADA/USD. The brace is affective accurately aloft $0.6000 and it afresh activated the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.5157 low to $0.6859 high. Any above abatement seems to be bound because the supports at $0.6200 and $0.6000. The $0.6000 is important back it is the 50% Fib retracement akin of the aftermost beachcomber from the $0.5157 low to $0.6859 high.
On the upside, the amount may anon move aloft $0.6500 one added time. Aloft $0.6500, the amount could analysis the $0.6800 akin in the abreast term.
Hourly MACD – The MACD is hardly placed in the bullish area with absolute signs.
Hourly RSI – The RSI is currently affective lower appear the 50 level.
Major Support Level – $0.6200
Major Resistance Level – $0.6800
Charts address – Trading View, Bittrex
