THELOGICALINDIAN - Key Highlights
Cardano amount is trading aloft key supports adjoin the US Dollar and Bitcoin. ADA/USD could acceleration in the abbreviate appellation appear the $0.2500 level.
Cardano Price Support
There was a nice abutment base basic aloft the $0.1800 akin ADA amount adjoin the US Dollar. The amount traded college and bankrupt the $0.2000 and $0.2100 attrition levels. It alike traded aloft $0.2300 and formed a aerial abreast $0.2324. Later, it adapted lower and confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.1893 low to $0.2324 high.
However, the downside move was adequate by the $0.2100 abutment and the 100 alternate simple affective average. Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $0.1893 low to $0.2324 aerial acted as a support. At the moment, the amount is trading college aback appear $0.2324 high. It seems like it could breach the $0.2350 resistance and barter appear $0.2500. Above $0.2500, the amount may alike barter appear the $0.2800 level.
On the downside, there is a key abutting bullish trend band basic with abutment at $0.2150 on the alternate blueprint of the ADA/USD pair. The brace charcoal able-bodied aloft the $0.2100 akin and the 100 alternate SMA. If it fails to abide aloft the $0.2100 level, there is a accident of a downside advance aback appear $0.1800.
Hourly MACD – The MACD for ADA/USD is boring accepting clip in the bullish zone.
Hourly RSI – The RSI for ADA/USD is currently able-bodied aloft the 50 level.
Major Support Level – $0.2100
Major Resistance Level – $0.2350
Charts address – Trading View
