Cardano Price: Will There Be a Retest of $0.7 Support Level?

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

ADA Price Analysis – April 19

In case the sellers increase their momentum to push down price to $0.7, the support level of $0.5 and $0.4 may be tested. Should bulls defend the Support level of $0.7, buyers may push up the price towards $1.0, $1.2 and $1.6 levels.

ADA/USD Market

Key Levels:

Resistance levels: $1.0, $1.2, $1.6

Support levels: $0.7, $0.5, $0.4

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. There was no significant movement in the Cardano market last week. The struggling between Buyers and sellers over the crypto continues; as the sellers are trying to overpower the buyers, buyers equally opposing further price decrease. Former support level of $1.0 has been penetrated downside by the sellers and the price is consolidating exposes to previous low at $0.7 support level.

Cardano remains below the two EMAs. Currently trading below the 9 periods EMA and 21 periods EMA as a sign of bearish movement. In case the sellers increase their momentum to push down price to $0.7, the support level of $0.5 and $0.4 may be tested. Should bulls defend the Support level of $0.7, buyers may push up the price towards $1.0, $1.2 and $1.6 levels. The relative Strength Index period 14 is at 41 levels with the signal line displaying no specific direction.

ADA/USD Medium-term Trend: Ranging

Cardano is on the ranging movement on 4-hour chart. The coin tested the resistance level of $1.2, consolidated for short time and pulled back. Bullish movement could not continue and the price penetrates $1.0 level downside. The price is currently consolidating within the resistance level of $1.0 and support level of $0.7.

The price is trading over and around the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 48 levels and the signal line pointing up to indicate buy signal.

You can purchase Lucky Block here: Buy LBlock