• info[at]asiathemes[dot]com
  • (2)245 23 68

Cardano (ADA) Approaching Crucial Support, Decision Time For Buyers

Cardano (ADA) Approaching Crucial Support, Decision Time For Buyers

BTC Casino / 24th January 2019

ADA price failed to gain momentum above the $0.0460 resistance and declined against the US Dollar.
There is a crucial bullish trend line in place with support at $0.0420 on the 4-hours chart (data feed via Kraken).
The price must stay above the $0.0420 support to climb higher once again in the near term.

The CFTC Isn’t Quite Ready for Ethereum Futures
Wednesday December 12, 2018

The Commodity Futures Trading Commission (CFTC) has indicated that it still has problems with Ethereum, the world’s third-largest cryptocurrency. Ethereum Gets Dethroned… A longtime holder of the number two position, […]

The post The CFTC Isn’t Quite Ready for Ethereum Futures appeared first on BTC Casino Gambling.

Cardano price is struggling to hold gains against the US Dollar and Bitcoin. ADA remains at a risk of more losses towards the $0.0410 and $0.0400 levels in the coming sessions.
Cardano Price Analysis
After trading as low as $0.0391, cardano price started a decent upward move against the US Dollar. The ADA/USD pair traded above the $0.0400 and $0.0420 resistance levels. The price even broke the $0.0440 resistance and the 55 simple moving average (4-hours). Besides, there was a break above the 23.6% Fibonacci retracement level of the last slide from the $0.0545 high to $0.0390 swing low. However, the recovery was capped by the $0.0460 and $0.0465 resistance levels.
More importantly, the price even failed to test the 50% Fibonacci retracement level of the last slide from the $0.0545 high to $0.0390 swing low. As a result, there was a downside reaction below the $0.0450 support. Sellers pushed the price below the $0.0435 level and the 55 simple moving average (4-hours). On the downside, there are a few key supports near the $0.0420 level. Besides, there is a crucial bullish trend line in place with support at $0.0420 on the 4-hours chart of ADA/USD. Therefore, a downside break below the trend line could open the doors for more losses towards the $0.0400 support.

eToro Lists Binance Coin (BNB) Becoming the First Investment Platform to Offer this Asset
Friday November 02, 2018

Binance Coin (BNB) is currently available for trading at the eToro platform. This is the first time that an investment platform offers support to this digital currency. The information was […]

The post eToro Lists Binance Coin (BNB) Becoming the First Investment Platform to Offer this Asset appeared first on BTC Casino Gambling.

The chart indicates that ADA price is clearly struggling to hold key supports above $0.0420. If it declines sharply below $0.0420, there is even a risk of more losses below $0.0400. On the other hand, an initial resistance is at $0.0440. Having said that, a close above $0.0460 is needed for a decent upward move towards $0.0500.
Technical Indicators
4-hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.
4-hours RSI – The RSI for ADA/USD is now well below the 50 level, with a bearish angle.
Key Support Level – $0.0420
Key Resistance Level – $0.0460
The post Cardano (ADA) Approaching Crucial Support, Decision Time For Buyers appeared first on Live Bitcoin News.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES