Cardano is at the YTD open price, which we anticipate to act as a resistance. Technically price is also at a support / resistance structure, and the stochastic and RSI are both at overextended levels. Downside target: $0.70 Violated above: $1.40 Entry: At market.
Cardano is approaching support again at the key $1 mark (USD). If price is successfully able to break below this mark it is likely that the cryptocurrency will see sustained downside for a longer period of time. Price is holding below the resistance trendline, and was unable to sustain upside into the resistance on theContinue reading “ADA/USD Approaching Support at $1”
The cryptocurrency market is on sale at the moment and Cardano (ADA) is no exception. Price has taken a plunge into a key demand zone around the $1.20 – $1.00 price zone. At this price ADA is certainly deemed cheap, and these relatively low prices won’t last for long. Technically speaking The RSI is showingContinue reading “ADA/USD STRIKES SUPPORT! Upside To Come?”
ADA (Cardano) has stabilised above the fibonacci golden pocket zone (between 50-61.8% retracement. Technically the pair is holding support, which also lies around the significant $2.000 mark. We anticipate upside out of this zone into fibo extension around $3.600. ADA is set to release smart contracts late Q4 – early Q1 2022.