THELOGICALINDIAN - Key Highlights
Cardano amount is placed accurately in a absolute area adjoin the US Dollar and Bitcoin. ADA/USD is acceptable to extend assets aloft $0.1750 and appear $0.2024.
Cardano Price Support
There was a good upside move started from able-bodied beneath $0.1500 in ADA amount adjoin the US Dollar. The amount acquired drive and it was acknowledged in breaking a few important resistances such as $0.1600. It alike traded aloft the $0.1650 attrition and acclimatized aloft the 100 alternate simple affective average. It traded as aerial as $0.1763 afore starting a downside correction.
There was a downside reaction, but the burst attrition at $0.1600 acted as a support. As a result, the amount started a beginning upside beachcomber and traded aloft the 50% Fib retracement akin of the aftermost abatement from the $0.1763 aerial to $0.1600 low. However, the accepted upside move is adverse sellers abreast the $0.1700 level. Moreover, the 61.8% Fib retracement akin of the aftermost abatement from the $0.1763 aerial to $0.1600 low is act as a hurdle. On the downside, the amount remains supported aloft the $0.1600 level.
There is additionally a key abutting bullish trend band basic with abutment at $0.1650 on the alternate blueprint of the ADA/USD pair. AS continued as the amount is aloft the $0.1600 abutment level, it may abide to acceleration appear $0.1750. Aloft $0.1750, the amount may alike analysis the $0.2024 level.
Hourly MACD – The MACD for ADA/USD is hardly in the bullish zone.
Hourly RSI – The RSI for ADA/USD is currently aloof aloft the 50 level.
Major Support Level – $0.1600
Major Resistance Level – $0.1750
Charts address – Trading View
