THELOGICALINDIAN - Key Highlights
Cardano amount is accepting bullish drive adjoin the US Dollar and Bitcoin. ADA/USD may abide to acceleration and it could alike breach the $0.1580 attrition zone.
Cardano Price Resistance
Recently, we saw a accessory downside move beneath $0.1500 in ADA amount adjoin the US Dollar. The amount beneath from $0.1660 high and activated a aloft abutment breadth at $0.1450 level. Buyers auspiciously adequate added declines beneath $0.1450 and pushed the amount aback aloft $0.1500. There was a abutting aloft the declared $0.1500 akin and the 100 alternate simple affective average.
During the upside, there was a breach aloft the 38.2% Fib retracement akin of the aftermost bead from the $0.1660 aerial to $0.1443 low. However, the upside move was capped by the $0.1580 attrition area. Moreover, the 61.8% Fib retracement akin of the aftermost bead from the $0.1660 aerial to $0.1443 low additionally prevented gains. At the moment, there is a concise blemish arrangement basic with attrition abreast $0.1560 on the alternate blueprint of the ADA/USD pair. The brace may anon make the abutting move and barter either aloft $0.1560 or beneath $0.1520.
On the upside, a breach aloft $0.1560 could booty the brace aloft $0.1580. The abutting attrition on the upside is abreast the aftermost aerial at $0.1660. On the cast side, a breach beneath the $0.1520 akin would alarm for a retest of the $0.1450 abutment zone.
Hourly MACD – The MACD for ADA/USD is currently in the bullish zone.
Hourly RSI – The RSI for ADA/USD is affective college against the 60 level.
Major Support Level – $0.1520
Major Resistance Level – $0.1580
Charts address – Trading View
