CARDANO ( ADA ) Short Term Price Prediction

By skyislimit | CryptoCoin Predictions Series Short Term | 16 May 2020

Let see what we said last time we did ADA Prediction
"After having strong rally ADA passes over $0.05 Resistance level and almost to reach $0.055 level but right after that it got rejected and all the way back to $0.04980 level currently, still trading over ascending line and market looks like to push price upside but there's strong resistance at $0.052 level. If it can stay at the current level a few days it may reach to resistance level or even higher. If it starts moving downside then first support $0.048 level and then next is $0.046 level. Buyers are in control but volume going down. It may go both directions and need to carefully watch out for the direction."

ADA / USDT Daily Chart

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As we said last time about ADA we are %100 behind it, Strong resistance stays at $0.0525 level and until it passes this level we can not decide up or down direction and meantime it will move sideways as last 10 days around current level and try to pass resistance level if the volume goes down and buyers lose their interest on ADA price may move towards $0.047 support level and bounce back but it will move looks like mostly sideways coming days.

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Resources

https://www.tradingview.com/chart

Crypto Blockchain Cardano (ADA) ADA

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skyislimit

Dentist since 1985, Oracle Developer DBA since 1998 and trader 2000 and up today. I try to give my best future price predictions on certain coins and I do trade same way.

CryptoCoin Predictions Series Short Term

I will give you my ideas about certain coins and my trading strategy about the future I just want you know that i am not a financial adviser and any information i give in here is my personnel opinion . If you follow me regularly i will post updates and future predictions about coins i hold and trade . My price predictions are short and not detail ( since i do not to bore anybody with long readings )