THELOGICALINDIAN - Key Highlights
Cardano amount confused in a absolute area adjoin the US Dollar and Bitcoin. ADA/USD is now able-bodied aloft $0.1500 and it may abide to bullwork higher.
Cardano Price Trend
After a substantial decline, ADA amount begin abutment about the $0.1400 akin adjoin the US Dollar. The amount formed a solid abject at $0.1400 and started an upside move. There was a breach aloft the $0.1450 attrition and the 100 alternate simple affective average. Moreover, there was a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $0.1763 aerial to $0.1400 low.
More importantly, there was a breach and abutting aloft the $0.1575 resistance, which is a absolute sign. At the moment, the amount is disturbing to breach the $0.1650 resistance. Additionally, the 61.8% Fib retracement akin of the aftermost abatement from the $0.1763 aerial to $0.1400 low is additionally acting as a resistance. Therefore, the amount may actual a few credibility in the abbreviate appellation appear $0.1500. On the downside, there is a key bullish trend band basic with abutment at $0.1550 on the alternate blueprint of the ADA/USD pair.
A downside move from the accepted levels abide accurate abreast $0.1550 and $0.1500. On the upside, the amount has to beat $0.1650 for added upsides. Above this aftermost $0.1650, the amount may abide to move college appear the $0.1750 akin 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 50 level.
Major Support Level – $0.1500
Major Resistance Level – $0.1650
Charts address – Trading View
