Cardano ( ADA) analysis


Our Outlook of The Cardano cryptocurrency coin( ADA ) is trading now in a downtrend Direction after the last great bullish that was at $ 0.35530 (new high price) while the best old higher price was at $ 0.38850 >> 3/5/2018<< but there is a big difference between the old highest price and the newest one is volume

The old one achieved by $ 88.326 Million, and the newest one created by $ 453.120 Million, which shows us the market concerns & the numbers of buyers to reflect the importance of the cryptocurrencies' future, & what will happen soon.

At the moment it is trading at areas of $ 0.28907

 

This means we will see corrections areas to test and create the support areas in order to jump another higher range.

Otherwise, we don't recommend trading at the moment while we still need sufficient volume above the area of $ 0.30700

 

AS Shown in

The Chart Below

6b3f6232e623d5dee6c85d69c2521bd7d0d0fda4fb94ac96cdd372b100f2aaad.png

 

Prediction:

Target: to hit & exceed the area of $ 0.42000 to fly another range.

The digital currency Cardano, in the case of breaking $ 0.25347 areas, may target levels of $ 0.20696.

Otherwise, we advise buyers to place a stop loss below $ 0.25000 areas.

 

Support & Resistance:

Support: $ 0.25347 - $ 0.20696

Resistance: $ 0.35530 - $ 0.38850

 

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.

How do you rate this article?

6


Ayman Crypto
Ayman Crypto

Cryptocurrency Analyst


CryptoCurrencies Analyst
CryptoCurrencies Analyst

Hello, Everybody Here is Ayman wishing you all the Best of luck in trading many more cryptocurrencies with pieces of Advice to handle them Very Easy & Earn more money.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.