THELOGICALINDIAN - Key Highlights
Cardano amount is assuming a few absolute signs adjoin the US Dollar and Bitcoin. ADA/USD charge break aloft the $0.3000 akin to accretion upside drive in the abreast term.
Cardano Price Support
There was a short-term bottom formed about the $0.2900 akin in ADA amount adjoin the US Dollar. The amount started an upside move and traded aloft the $0.3000 level. It opened the doors for added assets and the amount confused appear $0.3400. During the upside move, there was a breach aloft a above bearish trend band with attrition at $0.3130 on the alternate blueprint of the ADA/USD pair.
The brace traded as aerial as $0.3369 and after it started a downside correction. It seems like the $0.3400 and $0.3500 levels are important attrition levels. ADA has beneath beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $0.2890 low to $0.3369 high. However, there are many supports on the downside about the $0.3000 level. More importantly, the burst trend band could act as a abutment abreast $0.3100. Furthermore, the 50% Fib retracement akin of the aftermost beachcomber from the $0.2890 low to $0.3369 aerial is at $0.3133 to act as a support.
Therefore, as continued as the amount is aloft the $0.3100 level, it may acceleration already again. On the upside, the amount charge breach the $0.3400 and $0.3500 attrition levels to accretion upside momentum.
Hourly MACD – The MACD for ADA/USD is hardly placed in the bearish zone.
Hourly RSI – The RSI for ADA/USD is lower appear the 50 level.
Major Support Level – $0.3100
Major Resistance Level – $0.3500
Charts address – Cryptowat, Bittrex
