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Cardanousdt

ADAUSD - 1D Chart AnalysisAfter it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project. Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value) but at this stage, the odds are not looking too favorable for the following days. From the technical perspective, the price has bounced back from the lower standard deviation of the Bollinger Bands but the increase wasn't strong enough to change the trend direction. On top of this, with the RSI having a neutral position and with the Stochastic registering multiple crossovers but without any major impact, it seems that the price will continue it's sideways movement in this bearish trend. If the trading volumes will remain as low as we could see it in the last weeks, the price has big chances to continue is decrease towards the level of 0.0361
BINANCE:ADAUSD
by ReadBTC
ADAUSD - 1D Chart AnalysisSame situation with Cardano. Once the market capitalization has started to recover from the lost ground, it's price has started to increase since the 16th of December from 0.0268$ to 0.0430$ and has registered an growth of 60.44% until now. But the beginning of the bullish trend was registered on the 17th of December, once the price has crossed the 20 days Moving Average at the value of 0.0334$. From the technical perspective, we have some contradictions as it follows : * the upper standard deviation of the Bollinger Bands has been reached, meaning that the price is in the "overbought"" area and a "correction" may come anytime soon; * on the 21st of December, the price has finished the day at the same value where it started and it has created a Doji candlestick. Usually, the Doji candlesticks are indicating the market's indecision and a possible trend change. It wasn't the case here. * the Stochastic is close to 80 but there is no crossover yet, meaning there are some chances to see a slight continuation of the uptrend; * the RSI has recovered from the level of 28 in the last days but is only 61 now, meaning that the increase can go on; * the trading volumes are not at the same level as 2 days ago but are still increasing; * the MACD is still above the Signal, meaning that there is still more room for the price to continue it's growth. In these circumstances, there are reasons to believe that the market is getting close to the area in which it will start to slow down. This Slow down can be defined in 2 different ways : 1. If the trading volumes will remain the same as in the last 2 days, the price has big chances to get close to the first Resistance of 0.0492$ and then to go down to 0.0399$ which is the Pivot Level (the average price) 2. If the trading volumes will increase, we might see a slow down of the market for a couple of days, followed by another rally.
BITTREX:ADAUSD
by ReadBTC
ADA BTC PULLBACKADA BTC now is situated into a rising wedge which means the price are make higher highs and higher lows in the final will be a nice breakdown Stoch is overbought and also bear cross it s confirmed Volume going down which is a bearish sign also RSI below neutral zone Target of this rising wedge is 905 sats(final target) which means -8.94% from the current price This is only informative,it s pretty complicated now to make predictions for altcoins because all depend in BTC movements which is near a strong EMA cross at 1MONTH. It s pure informative once again.that is my vision for ada
Short
by CryptoRomaniaTD
8
ADAUSD - 1D Chart AnalysisAfter it has dropped in November from 0.0706$ to 0.0388$ and it has registered a decrease of 45.04% (or 0.0318$), the price of Cardano has started the current month with the right foot. The RSI had a slight return from the "oversold" area, the Stochastic has registered a crossover on the 1st of December followed by a small increase of teh price, which was also confirmed by the MACD as long as it's Moving Average has "jumped" above the Signal. The contradiction comes from the lower trading volumes compared to the previous days and also from the Doji candlestick which was created yesterday, with the price finishing the day at the same value of 0.0419$ as it started. Traditionally, there are some circumstances in which it is considered that a Doji candlestick is showing the market's indecision or a possible change of the price direction. But this doesn't seem to be too relevant for Cardano as we could see the same situation on the 23rd of November and the price just continued the drop. Overall, it seems that without any news which can stimulate the trading volumes, the price has big chances to start moving sideways and to stay between the Resistance Level of 0.0464$ and the Support Level of 0.0398$ for the following days.
BINANCE:ADAUSD
by ReadBTC
ADAUSD - 1D Chart AnalysisThe bullish trend has started on the 4th of November, once the price has crossed the 20 days MA and it was stabilized between the latest and the upper standard deviation of the Bollinger Bands. This trend was also confirmed once the price has failed to cross back the same 20 days MA, which in this case acted as a support level. From the technical perspective, we can see the RSI being close to it's neutrality while the Stochastic's crossover is indicating that the bullish trend will continue. This is also confirmed by the MACD, as long as it's MA is still below the Signal one meaning that there is still more room for the price improvement and also by the trading volumes which seem to be increasing. Although there are reasons to expect the price growth to continue, this continuation cannot be "aggressive" as long as the strong fundamentals seem to be missing. A reasonable target price can be considered 0.0807$ (the upper standard deviation of the Bollinger Bands) or 0.0849$ in extension.
BINANCE:ADAUSD
by ReadBTC