THELOGICALINDIAN - Key Highlights
Cardano amount is currently affective central a ambit adjoin the US Dollar and Bitcoin. ADA/USD may anon accomplish the abutting move either aloft $0.3500 or beneath $0.3200.
Cardano Price Resistance
There were a brace of attempts by buyers to advance ADA amount aloft the $0.3800 and $0.4000 levels adjoin the US Dollar. However, they bootless and as a result, there was a downside acknowledgment beneath the $0.3500 level. The amount confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2615 low to $0.3805 high. The downside move was steady, but the amount begin abutment abreast the $0.3200 level.
Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $0.2615 low to $0.3805 aerial acted as a support. ADA is currently captivation the $0.3200 support, but it is disturbing to move higher. There is a abbreviate appellation application triangle basic with attrition at $0.3400 on the alternate blueprint of ADA/USD. The brace may anon accomplish the abutting move either aloft $0.3500 or beneath $0.3200. If there is a breach aloft $0.3500, the amount may retest the $0.3800 level. Aloft $0.3800, there could an attack to breach the $0.4000 level.
On the downside, an antecedent abutment is about the $0.3200 level. A breach beneath $0.3200 could advance the amount beneath $0.3000. The abutting above abutment sits about the aftermost beat low of $0.2615.
Hourly MACD – The MACD for ADA/USD is currently placed accurately in the bearish zone.
Hourly RSI – The RSI for ADA/USD is disturbing to move aloft the 50 level.
Major Support Level – $0.3500
Major Resistance Level – $0.3200
Charts address – Cryptowat, Bittrex
