Cardano (ADA) Approaching Crucial Support, Decision Time For BuyersBTC 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.
Lubin’s Blockchain Firm Purchases American Mining Company
Thursday November 01, 2018
The blockchain firm that was established by Ethereum’s co-developer, Joseph Lubin, has moved on to purchase Planetary Resources Inc., an American asteroid mining firm. An October 31 publishing stated that […]
The post Lubin’s Blockchain Firm Purchases American Mining Company 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.
Bitcoin Won’t Reach $50,000 – Cryptocurrency Analyst Ran NeuNer Retracts Prediction
Friday November 02, 2018
Ran NeuNer says Bitcoin won’t end the year at $50,000. The host of the CryptoTrader show on CNBC tweeted in February 2018 that the top-ranked cryptocurrency would end 2018 on […]
The post Bitcoin Won’t Reach $50,000 – Cryptocurrency Analyst Ran NeuNer Retracts Prediction 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.
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.