ADA Price Analysis – March 15
In case there is an increase in the bears’ momentum, $0.75 support level may be penetrated downside, then, price may reduce further to $0.70 and $0.60 support levels. Bullish movement may commence towards the resistance levels at $1.01 and $1.26 and $1.61 provided $0.75 level holds.
ADA/USD Market
Key Levels:
Resistance levels: $1.01, $1.26, $1.61
Support levels: $0.75, $0.70, $0.60
ADA/USD Long-term Trend: Bearish
ADA/USD is bearish on the daily chart. The Crypto broke out of the ranging zone last two weeks where it was dangling within $1.26 and $1.01 levels. The sellers eventually prevailed and broke down the support level of $1.01. The price reached the support level of $0.75. The just mentioned level holds. Buyers tried to push up the price above $1.01 but sellers defended the level. The price is currently consolidating within $1.01 and $0.75 levels.
Cardano is trading below the 9 periods EMA and the 21 periods EMA, as an evidence of a downward trend after crossed the two EMAs downside. In case there is an increase in the bears’ momentum, $0.75 support level may be penetrated downside, then, price may reduce further to $0.70 and $0.60 support levels. Bullish movement may commence towards the resistance levels at $1.01 and $1.26 and $1.61 provided $0.75 level holds. The technical indicator Relative Strength Indicator is at 37 levels with the signal line parallel displaying no specific direction.
ADA/USD Medium-term Trend: Ranging
Cardano is on the ranging movement in the 4-hour chart. The bearish momentum could not break down the support level of $0.75. The bulls’ pressure equally becomes low. Cardano market is currently experiencing a ranging movement within the $1.01 resistance level and $0.75 support level. The coin is awaiting a breakout.
The price is trading over and around the 9 periods EMA and 21 periods EMA as a sign of consolidating market. The relative strength index period 14 is at 46 levels and the signal line exhibiting no specific direction.
You can purchase Lucky Block here. Buy LBlock:
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.