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Kev Tshawb Fawb ADA - Lub Kaum Hli 12
In case the support level of $1.87 is retested, it may be penetrated, and expose the price to $1.64 and $1.46. In case the bulls’ momentum becomes stronger and the resistance level of $2.30 is penetrated, then, $2.68 and $3.0 may be tested.
ADA / USD Kev Lag Luam
Cov Ntsiab Ntsiab:
Theem qib: $ 2.30, $ 2.68, $ 3.0
Cov nyiaj them yug theem: $ 1.87, $ 1.64, $ 1.46
ADA / USD Kev Lag Luam Ntev: Roog
Cardano is bearish in the long term outlook. Sellers have been in control of the crypto market for more than three weeks. Meanwhile, the buyers were opposing the sellers; the scenario leads to ranging market. The price declined and turned the former support levels of $2.68 and $2.30 to resistance. The price is ranging within the $2.30 and $1.87 price levels.
The 9 periods EMA is crossing the 21 periods EMA while the price is trading below the two EMAs. Today, the coin starts the Cardano market with a daily bearish candle below the $2.30 price. Further decrease in the price of Cardano is envisaged. In case the support level of $1.87 is retested, it may be penetrated, and expose the price to $1.64 and $1.46. In case the bulls’ momentum becomes stronger and the resistance level of $2.30 is penetrated, then, $2.68 and $3.0 may be tested.
ADA / USD Txoj Kev Nraum Nruab Nrab: Hlav
Cardano was bullish in the 4-hour chart last week. The price broke up the resistance level of $2.30 and it was heading towards the resistance level of $2.68 before it was interrupted by the bears. On September 21, the sellers opposed the bullish movement. The price reversed below the support level of $2.30 trending down towards $1.87 level.
The 9 periods EMA has crossed below the 21 periods EMA and ADA price is trading below the two EMAs. The Relative Strength Index period 14 is at 20 levels pointing down to indicate a sell signal.
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