THELOGICALINDIAN - Key Highlights
Cardano amount is accepting upside drive adjoin the US Dollar and Bitcoin. ADA/USD is acceptable to charcoal in a bullish area as continued as it is aloft $0.1800
Cardano Price Trend
After a major decline, ADA amount formed a appropriate abutment aloft $0.1500 adjoin the US Dollar. The amount started an upside move and traded aloft the $0.1600 and $0.1800 attrition levels. The upside move was absolute as the amount alike traded aloft the $0.2000 level. It is now trading able-bodied aloft the $0.1800 akin and the 100 alternate simple affective average.
It afresh traded as aerial as $0.2172 and is adverse a accessory resistance. It may actual a few credibility with an antecedent abutment about the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.1751 low to $0.2172 high. There is additionally a above ascendance approach forming with support at $0.2000 on the alternate blueprint of the ADA/USD pair. The approach abutment is about the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.1751 low to $0.2172 high. Therefore, if the amount corrects lower, it could acquisition abutment abreast the $0.2000 level.
Below $0.2024, the antecedent above attrition at $0.1800 will best acceptable act as a support. On the upside, the $0.2150-70 area is a concise hurdle. Above $0.2170, the amount may breach the $0.2200 akin for a run appear the $0.2500 level.
Hourly MACD – The MACD for ADA/USD is now placed able-bodied in the bullish zone.
Hourly RSI – The RSI for ADA/USD is currently able-bodied aloft the 60 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2200
Charts address – Trading View
