THELOGICALINDIAN - Key Highlights
Cardano amount aback in a bullish area adjoin the US Dollar and Bitcoin. ADA/USD is now placed accurately aloft $0.2024 for added assets in the abreast term.
Cardano Price Support
The accomplished few sessions were very bullish back there was a aciculate acceleration in ADA amount from the $0.1650 low adjoin the US Dollar. The amount surged college and bankrupt two important hurdles abreast the $0.1800 and $0.2000 level. The upside move was able back the amount alike bankrupt the $0.2150 level. A aerial was formed at $0.2207 afore the amount started a downside move.
It beneath and traded beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.1869 low to $0.2207 high. However, there are many supports on the downside aloft the $0.2000 handle. An antecedent abutment is abreast the 50% Fib retracement akin of the aftermost beachcomber from the $0.1869 low to $0.2207 aerial at $0.2034. Moreover, there is a above bullish trend band basic with abutment at $0.2030 on the alternate blueprint of the ADA/USD pair. The trend band abutment at $0.2030 could authority losses afore the abutting abutment at $0.2000.
There is addition bullish trend band on the downside at $0.2024. Therefore, there are abounding hurdles for sellers on the downside abreast $0.2024. On the upside, the amount has to move aloft the $0.2150 akin to alpha a beginning upside move. Aloft $0.2150, the amount may breach $0.2210 for added assets in the abreast term.
Hourly MACD – The MACD for ADA/USD is aback in the bullish zone.
Hourly RSI – The RSI for ADA/USD is affective lower against the 55 level.
Major Support Level – $0.2024
Major Resistance Level – $0.2150
Charts address – Trading View
