Ixabiso le-ADA / i-USD lisondela kwiNqanaba eliPhambili leNkxaso, ukuBuyiswa okuPhambili 

UAzeez Mustapha

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Uhlalutyo lwamaxabiso e-ADA-Okthobha 27

 An increase in the bears’ pressure may lead to the penetration of the $0.10 support level which may drop the price to $0.08 and $0.07 price level. The decrease in the bears’ momentum may prevent the breakdown of the $0.10 support level and this may push up the price to $0.11, $0.13, and $0.14 price levels.

 Intengiso yeADA / USD
 Amanqanaba aphambili:

Amanqanaba okumelana: $ 0.11, $ 0.13, $ 0.14

Amanqanaba enkxaso: $ 0.10, $ 0.08, $ 0.07

I-ADA / i-USD yexesha elide iTrendar: Bearish

 The buyers’ momentum is getting weak in the daily chart as the US election day is getting closer. ADA price tested the resistance level at $0.11 but could not penetrate the level due to low buyers’ pressure that cannot withstand the key resistance level. This is what triggers the seller into action with the formation of bearish candles, and the price declining towards the support level of $0.10.  

ADA daily chart, October 27

Cardano price is decreasing as the bears’ momentum increases; the price has crossed the dynamic support level downside, trading below the 9 periods EMA and 21 periods EMA and the former is trying to cross the later downside as a bearish movement confirmation. An increase in the bears’ pressure may lead to the penetration of the $0.10 support level which may drop the price to $0.08 and $0.07 price level. The decrease in the bears’ momentum may prevent the breakdown of the $0.10 support level and this may push up the price to $0.11, $0.13, and $0.14 price levels.   

 I-ADA / i-USD yeXesha eliPhakathi leNdlela: Ukuthwala

 On the 4-hour chart, ADA/USD is bearish. Cardano price is moving up to touch the resistance level at $0.11 but the bears defend the level. Likewise, the price tests the support level of $0.10; the level is equally defended by the bulls. The ranging movement continues until there is a breakout at $0.11 or $0.10 levels.   

ADA 4 hour chart, October 27

However, there is a formation of a bullish candle pattern called Pin bar at a support level of $0.10 on October 26; this indicates that the bulls may take over soon. The Relative Strength Index period 14 with its signal line at 40 levels pointing up to indicate a buy signal. 

 

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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