Cardano Price Prediction: ADA Forecast Analysis

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Cardano (ADA) Price Predictions: Expert Market Data Forecasts and ADA/USD Value Charts

Contents

CARDANO (ADA) Daily Price Forecast: March 20, 2019

  • The bears are in control of both the medium and short-term outlook.
  • Responsible selling at key areas may be considered.

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The cryptocurrency is in an ascending channel with a strong bias to the downside at the lower line of the channel. The bulls returned during yesterday session. This occurred at $0.05020 in the demand area shortly after downward price rejection as the market opens.

ADAUSD initially rose to $0.05209 breaking the 10-EMA. Increased bullish momentum led to the high of the day at $0.05428 in the supply area before the end of yesterday session. This was at the upperline of the channel.

Exhaustion to the bullish momentum was denoted by the wicks in the candles around the supply area which led to the bears' gradual return.

ADAUSD is already down to $0.05120 in the demand area as the journey to $0.04941 at the lower line of the channel is on course which was further confirmed by the signal of the stochastic oscillator pointing down at 64%.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The rejection to upward price movement around the $0.05400 in the supply area was confirmed by the bullish exhaustion denoted by wicks in the candles.

Price has made a downward move to $0.05192 in the demand area before the pullback, in the form of a flag that saw ADAUSD briefly up at $0.05292 in the supply area.

The bearish continuation is valid and may be confirmed by the break of the flag. The stochastics oscillator signal points down at 43% which is a confirmation to further downward momentum in price in the short-term.

$0.05050 in the demand area is a target by the bears.

Author: Azeez M


CARDANO (ADA) Long-term Price Forecast: March 17, 2019

  • The long-term outlook remains in consolidation.
  • A breakout most probable as the bullish pressure becomes stronger.

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA continues in a range-bound market in its long-term outlook. The bullish momentum was strong within the range as predicted in last week article. This led to a break out at the upper supply area at $0.05200 as the cryptocurrency rose to $0.05408 as high of the week.

The week opened at $0.05232 above the upper price area of the range but the cryptocurrency has dropped to $0.05035 in the demand area as the coin ranges.
With price above the two EMAs that are fanned apart within the range, an indication of bullish pressure and a breakout in the days ahead most probable.

The stochastic oscillator signal also points up at 84%in the overbought region an indication of upward momentum in price in the long-term.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.

Author: Azeez M


CARDANO (ADA) Daily Price Forecast: March 13, 2019

  • The medium outlook is in bearish trend while the short-term outlook is in in consolidation.
  • Traders may look to selling opportunities up to the 50.0 fib area in the medium-term.

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The strong bullish pressure was weaken at $0.04941 in the supply area after today’s opening 4-hour candle. Exhaustion to bullish momentum occurred at the supply area, denoted by wicks. .

ADAUSD dropped to $0.04670 breaking the 10-EMA. This brings price within the 23.6 fib area.With price below the10-EMA and the signal of the stochastic oscillator pointing down at 36%. These simply further downward price movement in the medium-term.

A break of the 38.2 fib area will put the 50.0 fib area on the card in the demand area as the bears' pressure becomes stronger and more candle closed below the two EMAs.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. The bullish momentum was lost at $0.04945 in the supply area shortly after today’s opening. The formation of wicks implies exhaustion, this also suggests bears returned as the bearish candle formed at $0.04891 broke the 10-EMAs.

ADAUSD dropped to $0.04696 in the demand area breaking the 50-EMA as the cryptocurrency enters into the range.

The journey down south within the range has commenced  as confirmed by the stochastic oscillator signal pointing down at 24% an indication of further downward price movement within the range.

ADAUSD is ranging and trading between $0.04901 in the upper supply area and at $0.04670 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

Author: Azeez M


CARDANO (ADA) Long-term Price Forecast: March 10, 2019

  • The cryptocurrency remains a range-bound market in the long-term.
  • The bulls are in control of the market.

ADA/USD Long-term Trend– Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA continues in a range-bound market in its long-term outlook. The bearish momentum was gradually lost on 4th March with the cryptocurrency down to $0.03993 in the demand area. The bulls return was signaled with an engulfing candle that pushes price up to $0.04445 in the supply area on 5th March.

Increased bullish pressure led to another engulfing candle within the range yesterday, the end of a trading week. ADAUSD made a high of $0.04495 at the supply area.
Momentum to the upside may be sustained as the new week with the signal of the stochastic oscillator pointing up 55% and price is above the two EMAs.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.

Author: Azeez M


Cardano (ADA) Daily Price Forecast: March 6, 2019

  • The medium-term outlook is in a range while the short-term is in a bearish trend.
  • Responsible selling on the short-term may be considered

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to the range in its medium-term outlook. The bulls had a nice ride back to the range yesterday with confirmation from the breakout at the 10-EMA shortly after opening. ADAUSD rose from $0.04657 at the opening to $0.04441 in the supply area before the end of yesterday session.

The 4-hours opening candle a bearish candle at $0.043 manage to push price down to $0.04657 before the formation of a bullish spinning top an indication of bulls returned to continue price upward movement as price sits above the two EMAs and the stochastic oscillator signal points up at 77% an indication of upward momentum in price within the range.

ADAUSD is ranging and trading between $0.04495 in the upper supply area and at $0.04076 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The cryptocurrency was up at $0.04437 in the supply area twice due to the bullish pressure creating a double-top formation. This is an indication of exhaustion as wicks are seen in the candles.

The gradual return of the bears was confirmed by the break at the 10-EMA as ADAUSD dropped to $0.04316 in the demand.

The journey down south is obvious as the cryptocurrency forms an M letter. The right leg is developing with the ultimate target at $0.04100 in the demand area by the bears.


Cardano (ADA) Long-term Price Forecast: March 3, 2019

  • The long-term outlook is in consolidation.
  • The bears may sustained the pressure down south within the range.

ADA/USD Long-term Trend –Ranging.

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. The bullish momentum was lost at $0.04998 in the supply area as indicated by the large bearish candle with wicks in the daily candle.

$0.05156 in the supply area was the high while $0.04178 in the demand area was the low of week session as the bears' momentum was sustained within the range.

The bears' pressure may continue in the new week as indicated by the stochastic oscillator signal points down at 21% and price is below the two EMA.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Daily Price Forecast: February 27, 2019

  • The bulls are in control of the medium-term while the short-term is in consolidation.
  • Traders should be patient trading the range.

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA continues in a bullish trend in its medium-term outlook. The bulls returned after the drop to $0.04388 in the critical demand area was obvious after the formation of the bullish long-tailed candle on 24th February.

ADAUSD rose to $0.04549 on 25th February before another drawdown to $0.04657 27th February as the market opens. The bullish tweezer bottom signaled the bulls returned with a break out from the 10-EMA due to the strong bullish pressure. The cryptocurrency rose initially to $0.04435 in the supply area.

Price is above the 10-EMA and the stochastic oscillator signal points up at 46% an indication of upward momentum in price due to the increased bullish momentum the medium-term.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market. $0.04468 in the supply area was the high while $0.04468 in the demand area was the low of yesterday session as the bulls and bears battle for market control.

The bears had a brief control after today’s opening as ADAUSD dropped to $0.04344 in the demand area before it lost momentum due to tweezer bottom formation. This is an indication of the bulls comeback within the range.

$0.04457 in the supply area was attained as the bullish momentum increased breaking out of the two EMAs as the market continues to range.

ADAUSD is ranging and trading between $0.04500 in the upper supply area and at $0.04300 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.


Cardano (ADA)  Long-term Price Forecast: Feb 23, 2019

  • The cryptocurrency remains in a consolidation in the long-term outlook.
  • The bulls area in firm control within the range.

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. The bullish momentum was sustained as predicted in this week long-term analysis. The breakout on 18th February at the two EMAs crossover was with a large bullish engulfing candle. This confirmed the bulls takeover within the range.

ADAUSD rose initially to $0.04825 and later to $0.04998 in the supply area before brief momentum loss and price dropped to $0.04396 in the demand area on 21st February.

The bullish spinning top formation on 22nd February signaled the bulls returned within the range to continue the north journey. Increased bullish pressure pushed ADAUSD to $0.05050 in the supply area today as the trading week gradually comes to an end.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Daily Price Forecast: February 20, 2019

  • The medium-term outlook is in a range-bound market while the short-term outlook is in a bullish trend.
  • Trading consolidation requires patience in the medium-term

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bullish trend in its medium-term outlook. The bearish pressure that started after the bearish spinning top and engulfing dropped the cryptocurrency $0.04657 in the demand area before the end of yesterday session.
Today’s4-hour opening candle closed as a pinbar after a drop to $0.04399 in the demand area. This area was within the 50.0 fibs, a trend reversal zone and the bulls stage a gradual return.
The strong bullish pressure was sustained and ADAUSD was up at $0.04884 in the supply area.
Price is above the two EMAs and the stochastic oscillator is at 69% an indication of upward momentum in the medium-term.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market. The bullish railroad formed after today's openings session at $0.04625 was responsible for the upward price movement.

$0.04884 at the upper supply area was the point the bullish momentum was lost and the bears took over the market as the cryptocurrency ranges.

$0.04712 in the demand area was the point the bearish pressure dropped the coin within the range.

ADAUSD is ranging and trading between $0.04884 in the upper supply area and at $0.04634 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.


Cardano (ADA) Long-term Price Forecast: Feb 17, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. The bullish momentum was lost after rejection at $0.04399 in the supply area on 10th February against upward price movement. Moreover, subsequent formation of the bearish railroad after the close of the market on 11th February suggest the bears returned.

The bears sustained momentum as the cryptocurrency made a low at $0.04055 in the demand area on 14th February.

Price is within the two EMAs the stochastic oscillator signal pointing at down 68%. These suggest a downward price movement in the days ahead within the range.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.


Cardano (ADA) Technical Analysis: February 15, 2019

Latest Cardano News

In the Cardano network, the main determiner for progress may be on one hand how fast they are on transiting from Byron to Shelly ensuring the process is as flawless as possible but it is also on how they onboard new fans and let the community flourish while they set a standard crypto coding.

Read: Best Cryptocurrency Community Reactions to JP Morgan’s JPM Coin Launch

ADAtainment is one of the many ventures that plan to add value to the burgeoning Cardano ecosystem by focusing on entertainment apps. The founders behind ADAtainment also run a staking pool now that Cardano will adopt the proof of stake consensus algorithm which is the trend nowadays.

Besides, ADAtainmen have been tracking how Cardano’s community has been growing in the last few years. Accompanying, well-labeled and clear charts show that Cardano though struggling with dipping prices have been rather successful in the social media section and their marketing has managed to attract new flock keen on contributing numbers if not investment.

Also Read: New Bank Of Canada Report ‘Crypto Money’ Concludes Bitcoin Is An Aging Rockstar

In Twitter, for example, Cardano grew by around 50 percent after expanding from 109k to around 148k in Jan 2019. The trajectory is clear and the double-digit expansion in social interest shows that the masses are getting interested, flowing into cryptocurrency and Cardano like the rest of the industry are set to benefit from this influx.

Cardano ADA/USD Price Analysis

At the time of pres, ADA—the native currency of Cardano, is changing hands at 4 cents, up 12 percent in the last week.

All the same, ADA is technically in a short to medium term uptrend inside a larger bear breakout pattern in what we can say is the second stage—the retest. Clearly, from the chart, the main resistance line is visible at 6 cents. The level is previous support and after the meltdown of mid-Nov, prices caved in and the result was a free fall to taking ADA prices further deep in negative territory from 2017 peaks to 3 cents.

Now, as classic breakout patterns dictate, a reversal is common and it is the retest phase where prices are trending in. Because prices are finding support at the 61.8 percent Fibonacci retracement level of Dec 2018 high low, we expect a resumption in the direction of late Dec and Jan 2019 higher highs.

But, for assurance, risk-averse traders should set conservative buy triggers above Feb 8 highs at the 38.2 percent Fibonacci retracement level at 4.5 cents. Meanwhile, risk-off, aggressive traders can buy on dips in lower time frames with fitting but tight stops at around 3.7 cents. First targets will be at 5.6 cents and later 6 cents.

All Charts Courtesy of Trading View—Binance

Author: Dalmas N


Cardano (ADA) Daily Price Forecast: February 13, 2019

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in consolidation in its medium-term outlook. The new week saw the bullish pressure stronger as the coin enters the range. $0.04399 in the supply area was high while $0.04037 in the demand area was the low thus far.

The inverted hammer within the range implies the bears return within the range shortly after today opening. Price is below 10-EMA and the stochastic oscillator signal points down at 35% an indication of downward momentum within the range.

ADAUSD is consolidation and trading between $0.04405 in the upper supply area and at $0.04091 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market. The bullish candle formed after the bearish spinning top was an indication of the bulls' presence during yesterday session.

Confirmation to the bulls takeover occurred at the break of the two EMAs with a large engulfing candle at $0.04167. ADAUSD rose initially to $0.04279 and later to$0.04341 in the supply area before exhaustion.

The bearish spinning top at $0.04303 followed by a bearish candle signaled the bears gradual returned. The cryptocurrency dropped to $0.04301in the demand area due to increased bears pressure as it enters a range-bound market.

ADAUSD is ranging and trading between $0.04368 in the upper supply area and at $0.04077 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.


Cardano (ADA) Long-term Price Forecast: Feb 10, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA continues in a range-bound market in its long-term outlook. The lower demand area at $0.03800 of the range was broken due to the bear pressure on 6th February. The cryptocurrency went further down as $0.03592 in the demand area.

With the formation of a gravestone doji in the context of a downtrend on 7th February implies the bulls gradual returned.

A large bullish engulfing candle returned the cryptocurrency back into the range and up at $0.04343 in the supply area. Momentum to the upside may continue in the day ahead as confirmed by the signal of the stochastic oscillator pointing up at 61%.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.


Cardano (ADA) Daily Price Forecast: February 6, 2019

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The descending channel is the structure of the cryptocurrency as the journey down south continues. The large bearish engulfing candle at the opening of today’s session dropped ADAUSD to $0.03665 in the demand area.

Increased momentum further pushed price to $0.03633 before the cryptocurrency goes into a minor consolidation. This is necessary for the bears to gather enough momentum for the next downward movement.

The stochastic oscillator signal points down at 15% in the oversold region an indication of downward momentum. Price is below the two EMAs and the EMAs are fanned apart which suggest strength in the context of the trend and in this case the downtrend.

The lower line of the descending channel is the bears' target in the medium term as the pressure becomes stronger.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears returned for continuation to the downside after the bullish exhaustion at the 50-fib area. ADAUSD dropped from $0.03744 in the supply area to $0.03636 in the demand area.

A minor pullback to the 38.2 fib area may occur as the bulls stage a comeback which is confirmed by the stochastic signal pointing up at 56%. This area is a trend continuation zone and the bears may at that point to resume the downtrend with a target at $0.03630 in the demand area.


Cardano (ADA) Long-term Price Forecast: Feb 2, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA stays in a range-bound market in its long-term outlook. $0.03800 at the lower demand area of the range was broken twice within the week but failed to close below the line.

The bulls gradually set in due to a retest of the area and made way up north.

The cryptocurrency was up at $0.04143 in the supply area but lost momentum and also got rejected at the 10-EMA on 31st January.

The bearish railroad formed on 31st January signaled the bears' comeback as they dropped ADAUSD to $0.03738 in the demand area on 1st February.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.


Cardano (ADA) Long-term Price Forecast: Jan 26, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. The trading week ended with an inverted hammer after ADAUSD rose to $0.04833 in the supply area with a close around the 10-EMA. The bears took over the market within range with a drop in the cryptocurrency price to $0.04205 in the demand area on 20th January as the new week began.

Sustained bearish pressure dropped ADAUSD to $0.04109 in the demand area on 22nd January. Price is below the two EMAs with the stochastic oscillator signal pointing up at %. This suggests upward movement in price in the days ahead as the cryptocurrency continues in the range.

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.


Cardano (ADA) Daily Price Forecast: January 23, 2019

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to a range-bound market in its medium-term outlook. The formation of a long-tailed bullish doji shortly after yesterday opening session implied bears exhaustion at $0.04109 in the demand area. This returned the bulls as the cryptocurrency rose to $0.04506 in the supply area before the end of the session.

The 4-hour opening candle at $0.04414 though bullish could not sustain the momentum as the bears dropped price down to $0.04358 in the demand area as the cryptocurrency ranges.

ADAUSD is consolidation and trading between $0.04699in the upper supply area and at $0.04262 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The two times rejection of the bullish pressure at $0.04493 in the supply area resulted in the formation of a double top. ADAUSD nose dive to $0.04367 in the demand area.

Price is below the 10-EMA and the stochastic oscillator points down at 59%. These suggest downward momentum in price in the short-term.

$0.04200 in the demand area remains a target to the bears as more candle formed and closed below the EMA.


Cardano (ADA) Long-term Price Forecast: Jan 19, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA continues in a range-bound market in its long-term outlook. Exhaustion of the bearish momentum was noticed at $0.04005 in the demand area on 13th January. The bullish railroad formation after the end of trading on 14th January confirms the bulls takeover of the market within the range.

ADAUSD rose to a high of the week at $0.04833 in the supply area on 19th January as bulls maintained their hold of the market pushing price above the 10-EMA.

The bulls may continue to dominate the range in the new trading week with the signal of the stochastic oscillator pointing up which implies upward momentum in price.

ADAUSD is in consolidation and trading between $0.05200 in the upper supply area and at $0.03800 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any back position.


Cardano (ADA) Daily Price Forecast: January 16, 2019

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to a bullish trend in its medium-term outlook. The cryptocurrency shows an inverted head and shoulder pattern. The bears lost momentum after the cryptocurrency was down to $0.04195 in the demand area.

With a bullish 4-hour opening candle at $0.04321 the bulls control of the market was confirmed for the day. ADAUSD rose to $0.04753 in the supply area. This is above the two EMAs crossover an indication of strong bullish pressure in the medium-term.

The stochastic oscillator signal points up at 74% which suggest upward momentum in price in the medium-term. The right shoulder of the pattern is formed which implies that the journey north may have started and $0.05000 in the supply area may be the initial target.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. ADAUSD is in an ascending channel. The bulls are presently in control of the channel with the bullish 1-hour opening candle at $0.04301. Increased momentum had pushed ADUSD up to $0.04617in the supply area.

The upper line of the channel is the bulls target in the short-term as price sits above the two EMAs and the stochastic oscillator signal points up at 76% which implies upward momentum in price of the cryptocurrency in the short-term.


Cardano (ADA) Long-term Price Forecast: Jan 12, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. The bullish pressure did prevail within the range in the week with the breakout at the upper price range. 9th January saw ADAUSD up at $0.05477 in the supply area with a close above the broken area. The bears stage a strong comeback at $0.05610 in the supply area on 10th January with a large bearish engulfing candle as ADAUSD dropped to $0.04291 within the range.

Price is below the two EMA crossover with the stochastic oscillator signal pointing down at 33% an indication of downward momentum in price of the cryptocurrency in the long-term

ADAUSD is consolidation and trading between $0.05200 in the upper supply area and at $0.03300 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position after a retest while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Technical Analysis: January 11, 2019

Latest Cardano News

What we have on the charts is an anticlimax. Are fresh 2018 bear memories back? From the charts, yesterday’s near double digit flash losses is a reminder of how fortunes can quickly change in the crypto sphere. Although Cardano’s ADA managed to secure its position at the top 10, we aren’t sure if this is permanent as margins are tight and coins as Bitcoin SV can erupt anytime—powered by different fundamentals.

Read: McKinsey Consulting Firm Believes There is Little Substance behind Blockchain Applications

What we know for sure is that Cardano as a developing platform and a future rival of Ethereum and the super hyped EOS and Tron is gearing for project Shelly. Project speakers say Shelly will keep in motion Cardano’s desire of keeping the platform decentralized as it is currently centralized and federated. Aside from promise of decentralization, end users should also know that once it is successful, Cardano will be 50X more decentralized than Ethereum and Bitcoin and the platform will be running on a proven, high quality, peer reviewed code to ever propel a cryptocurrency project.

Also Read: Gemini Offers a Discount to Traders Causing Problems for Paxos and Other Stablecoins

Besides, Ouroboros Genesis—which was overwhelmingly successful during trials in Canada, is the first PoS consensus protocol that is proven secure and reliable. Anyhow, even with these flowers, a successful rollout of Cardano largely depends on education and how the community best understand the implications of running a staking pool or delegating their stake. That is why education is of prime importance as the community readies for Shelly in Q1 2019.

ADA/USD (Cardano) Price Analysis

Price wise and ADA—like the rest of the altcoin market—performed dismally. The coin is down a massive 10 percent in the last day at the time of press. Aside from the loss, it appears as if our trading conditions won’t be met because propelling yesterday’s wholesale liquidation was above average volumes.

As we can see, we now have a double bar bearish reversal pattern in the daily chart and the reason why we expect sellers to drive price action in the next couple of days despite 100 percent drops from 2017 peaks last year is the reaction of bears at the 50 percent Fibonacci retracement level anchored on Nov-Dec 2018 highs.

This candlestick arrangement is significant for our analysis because the 50 percent Fibonacci mark is historically a reversal level. Aside from the reaction, the fact that there was a spike in market participation—316 million versus 148 million averages, hint of underlying liquidation and sell pressure.

It is for this reason that we recommend shifting capital to stable coins as we wait for reaction at Dec 28 lows. If supports are blown then the next level of support will be at 2.8 cents of Dec 2018 lows. On the flip side, any recovery propelling prices back on bullish track and above 6 cents would be positive.

All Charts Courtesy of Trading View

Author: Dalmas N


Cardano (ADA) Daily Price Forecast: January 9, 2019

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to a bullish trend in its medium-term outlook. The cryptocurrency is in an ascending channel as the bullish momentum is sustained. $0.04753 in the demand area was the point the bulls gradually return after the loss in bears pressure.

The engulfing candle at $0.04888 led ADAUSD at $0.05155 in the supply area before the end of yesterday session.

The 4-hour opening candle at $0.04952 sustained the bullish momentum as ADAUSD rose to $0.05152 shortly after opening.

The fourth touch on the upper line of the channel is imminent and this may result in a breakout to the upside. The stochastic oscillator signal points up at 65% which suggest upward momentum in price in the medium-term.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. ADAUSD is forming higher highs and higher lows which is synonymous with up trending market in the short-term outlook.

The formation of a bullish engulfing candle shortly after opening at $0.04962 further gave the bull full control of the market.

The stochastic oscillator is in the overbought region at 84% and it signal points up which implies upward momentum in price of the cryptocurrency in the short-term.


Cardano (ADA) Long-term Price Forecast: Jan 6, 2019

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA continues in a range-bound market in its long-term outlook. The bulls are staging a strong comeback since the new year with a break in the two EMAs as ADAUSD rose to $0.04749 in the supply area on 2nd January.

Minor drawdown to $0.04285 in the demand area after the bearish railroad formation of 3rd January saw rejection to further downward movement at the 10-EMA as the bulls return.

The new week open bullish at $0.04565 an indication of a continuous journey to the upper price range in the week ahead.

ADAUSD is in consolidation and trading between $0.05200 in the upper supply area and at $0.03300 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Daily Price Forecast: January 2, 2019

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA returns to a bullish trend in its medium-term outlook. The bullish pressure resume from 28th December after the exhaustion denoted by wicks at $0.03695 in the demand area.

ADAUSD rose to $0.04580 in the supply area on 29th December before retracement to $0.04102 in demand area on 1st January. This was the 61.8 fibs a trend reversal zone and the bulls gradually stage a return.

The 4-hour opening candle though a bearish spinning top could not return the bears as the bulls continue their upward journey. Price is above the two EMAs crossover at $0.04576 in the supply area.

The inverse head and shoulder pattern is seen formed in the medium-term with the right shoulder developing. $0.05000 in the supply area is the bulls target in the medium-term.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The cryptocurrency is uniquely represented by the Elliot wave in the short-term.

The bullish pressure from $0.04159 in the demand area i.e. wave two(2) on 1st January pushed ADAUSD to $0.04440 in the supply area which is wave three (3) before the current retracement to wave four(4).

Wave five (5) is the bulls target in the short-term as it journey up north continues.


Cardano (ADA) Long-term Price Forecast: Dec 29, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a range-bound market in its long-term outlook. $0.05146 in the supply area on 24th December was the high of the week the bulls pushed the cryptocurrency before exhaustion denoted by a wick as the daily candle closed a bullish inverted pinbar.

Although a breakout occurred above the upper supply area of the range but price dropped within the range as the bearish pressure broke the 10-EMA and took ADAUSD down to $0.03681in the demand area on 28th December.

The bullish railroad formation at the close of market on 28th December signal the bulls are now in control within the range with price already up at $0.04648 in the supply area on 29th December.

ADAUSD is consolidation and trading between $0.0500 in the upper supply area and at $0.03300 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Daily Price Forecast: December 26, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The bulls stage a comeback at $0.04006 in the demand area shortly after the bullish railroad formation after the brief loss of the strong bears' pressure. The cryptocurrency rose to $0.04337 before the end of yesterday session with a touch at the 10-EMA.

The 4-hour opening candle at $0.04292 was bullish spinning top expectedly to push ADUSD further up. The reverse was the case as the bears return after at $0.04444 in the supply area with the formation of a bearish tweezers top.

The head and shoulder pattern is seen formed in the medium-term with the right shoulder developing. The bears are set to dump price at $0.03500 in the demand area in the medium-term.

Price is below the 10-EMA and set to drop below the 50-EMA as the bears' pressure becomes stronger in the medium term. The stochastic oscillator is at 25% and its signal points down an indication of downward price movement.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The temporarily suspended bears' pressure resumed at $0.04440 in the supply area after the bearish railroad formation.

This was also at the 38.2 fib a trend continuation zone, which provides a strong confluence for the bears' takeover in the short-term.

ADAUSD is currently down to $0.04089 in the demand area with stronger indications that the movement may continue. As price stays below the two EMAs and the stochastic oscillator signal points down in the oversold region at 15%. These imply further downward movement in price of the cryptocurrency.


Cardano (ADA) Long-term Price Forecast: Dec 22, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA is in a range-bound market in its long-term outlook. The bulls returned after the doji formation of 15th December and push the cryptocurrency up to $0.03531 after breaking the strong resistance at the 10-EMA on 17th December.

Increased momentum led to another remarkable touch at the 50-EMA on 21st December as ADAUSD jumped to $0.04764 in the supply area. This was the high of the week as the cryptocurrency tries to recover from the bears' stronghold.

Price is above the 10-EMA but below the 50-EMA as bullish spinning top a reversal signal and exhaustion of the bullish momentum denoted by wicks occurred around the 50-EMA, it implies that a possible reversal may occur as the cryptocurrency enters the range in its long-term outlook.

ADAUSD is consolidation and trading between $0.0500 in the upper supply area and at $0.03300 in the lower demand area of the range. A breakout at the upper supply area may be considered for a long position while a breakdown at the lower demand area may be a short position with good candle pattern as confirmation for entries. Hence patience is needed to allow this occurred before taking any position.


Cardano (ADA) Daily Price Forecast: December 19, 2018

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bullish trend in its medium-term outlook. The strong bullish pressure pushed broke out of the two EMAs crossover at $0.03016 with a large bullish engulfing candle. ADAUSD jumped to $0.03527 in the supply area before the end of the session on 17th December.

Yesterday, 18th December saw ADAUSD up at in the supply area as the bulls return after a brief drawdown to $0.03228 in the demand area.

Today’s 4-hour opening candle at $0.03553 sustained the bullish pressure as ADAUSD made a high at $0.03778 shortly after opening.

Price is at the 50.0 fib level. A pus t the 61.8 may open the door for a retest at 78.6($0.04156) in the supply area in the medium-term.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bullish trend in its short-term outlook. The bounce at the trendline twice implies strong support for the bullish upward movement. ADAUSD was up at $0.03778 in the supply area after the bullish 1-hour sustained the bullish momentum.

A pullback by the bears to the trendline may occur before the bullish continuation.
Price is above the two EMAs crossover and the stochastic oscillator signal point down, suggesting a brief bearish retracement before uptrend continuation in the short-term.


Cardano (ADA) Long-term Price Forecast: Dec 16, 2019

ADA/USD Long-term Trend –Bearish

Supply zone: $0.0500, $0.0700, $0.0900
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a bearish trend in its long-term outlook. The bears remain in control of the cryptocurrency outlook as it ended the week at $0.02781 in the demand area. This was lower compared to last week price when it closed at $0.02828 on 8th December.

This shows that the journey down south was not ended despite the brief pullback experienced within the trading days last week.

The doji candle that ends the week was an indication of a reversal signal and bullish pullback may possibly occur in the days ahead. this  may face rejection and exhaustion at the 10-EMA, a strong resistance area.

Price is still below the two EMAs with the EMAs fanned apart which connotes strength in the context of the trend and in this case the downtrend. The stochastic oscillator is in the oversold region at 11% with its signal pointing downward which suggests further downward momentum in price of the cryptocurrency in the long-term.


Cardano (ADA) Daily Price Forecast: December 12, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The formation of a hammer at $0.03251 at the supply area on 9th December resumes the downward continuation. $0.02891 in the demand area was the point the bearish pressure dropped the cryptocurrency before the momentum was lost.

The bulls return for another set of upward movement which is a corrective move is currently on.

ADAUSD was up at $0.03093 in the supply area as the bullish momentum increases.
Price is above the 10-EMA and the stochastic oscillator signal points up at 40%. This is a reflection of the bullish pressure as price approaches the 23.6 fib level.

Price may retrace at 23.6 or 38.2 fib level after exhaustion from the bulls. The bears are still in control of the medium-term outlook and a return is most probable.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls returned that started with the bullish hammer was confirmed by the engulfing candle at $0.02951 as ADAUSD was up to $0.03034 before the end of yesterday session.

The bullish momentum was sustained after opening as the cryptocurrency continue to make an upward movement. $0.03140 was the initial high attained earlier in the day.

Price is above the two EMAs and the stochastic oscillator is in the overbought region at 80% with signal pointing up. This suggests an upward price movement in the short-term.


Cardano (ADA) Long-term Price Forecast: Dec 9, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA is in a bearish trend in its long-term outlook. Creating a higher high and higher low was a signal to the bulls’ control of the market as the market opened last week but this was short-lived with the loss in momentum for sustained upward movement and a gradual return of the bears.

The key demand area at $0.03300 was broken with a large engulfing candle on 6th December and ADAUSD dropped to $0.03019 and further down to $0.02723 in the demand areas the bearish momentum increased.

The bulls’ stage a brief returned as the cryptocurrency was up at $0.03488 in the supply area on 8th December. This was a pullback necessary for the market correction and also a retest of the broken key level. These confirm a downtrend continuation resumption as the new trading week commences.

Price lies below the two EMAs and the EMAs are fanned apart which connotes strength in the context of the trend and in this case the downtrend. The stochastic oscillator signal points down in the oversold region. This suggests downward price movement in the long-term as the bear becomes much stronger.


Cardano (ADA) Daily Price Forecast: December 5, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.0600, $0.06600, $0.06800
Demand zones: $0.02000, $0.01500, $0.01000

ADA is in a bearish trend in its medium-term outlook. The consequent of the double top formation at $0.04100 in the supply area is continued bearish pressure to the target at $0.03400 in the demand area in the medium-term.

$0.03675 in the demand area was the low of the day compared to $0.03765 of 3rd December. This is a higher low and lower low formation which is characteristics of a down trending market.

Today’s 4-hour opening candle at $0.03779 sustained the bears' pressure as ADAUSD found a low at $0.03637 shortly after opening.

Price is below the two EMA and the stochastic oscillator in the oversold region at 20% and its signal points down. These suggest downward price movement as the bears' pressure becomes much stronger in the medium-term.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. After a two-time upward price movement to $0.04067 in the supply area, the bulls lost momentum coupled with the resistance at the 50-EMA.

The bears' return was signalled with the large engulfing candle at $0.03982 as ADAUSD went down to $0.03718 in the demand area before the end of yesterday session.

The bearish momentum was sustained briefly after opening with the cryptocurrency down to $0.03641in the demand area.

Price is below the two EMAs that are fanned apart which implies strength in the downtrend. The stochastic oscillator is in the oversold region at 10% and its signal points down. This suggests a downward price movement in the short-term.


Cardano (ADA) Long-term Price Forecast: Dec 1, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA returns to a bullish trend in its long-term outlook. The strong bearish pressure was gradually weakening after the formation of a bearish spinning top on 25th November when ADAUSD was down to $0.03306 in the demand  area.

Each bullish push was rejected by the 10-EMA and this led to the formation of two additional dojis as bears pushed price back to the demand area which implies a strong support zone  for the bulls to stage a return. On 28th November the bulls full control of the market was confirmed with a large engulfing candle at $0.03700 and ADAUSD was up $0.04501 in the supply area.

ADA has already got a higher high at $0.04501 and lower low at $0.03713. This type of higher highs and lower lows formation is synonymous to an up trending market. Coupled with a bullish railroad that is ending this trading week, it is obvious that new highs and lows may be formed as the bullish pressure becomes much stronger in the coming week.


Cardano (ADA) Technical Analysis: November 30, 2018

Latest Cardano News

As much as the community is bullish on what Cardano has to offer once Voltaire is live, there is a lot of ground to cover before that dream is actualized. As a matter of fact, it might take anywhere between five to 10 years before we get a test of what Cardano and Charles Hoskinson has to offer. In the meantime, it’s all talk and with the realization that Cardano is still a centralized platform, ADA/USD could end up sinking lower as deadline after deadline is missed.

It’s all thanks to the design, the check, and balances in place to ensure quality. Add that to the peer review nature of the platform and development is slow. However, the market expects Cardano 1.4 update to be out later this month or early December. At the moment, the team is subjecting tweaks to a regression test and while it is not of major concern, some regressions that could affect overall functionality have been found.

While this pans out, CoinBase, the $8 billion US-based exchange now offers support of ZCash. The privacy centric coin is one of the five coins which were under exploration by CoinBase. Now with XLM and ADA remaining, the community has resorted to speculation. Both coins are pre-mined and with XLM sharing some characteristics with XRP, many are confident that ADA will hit the exchanges before XLM does mostly thanks to its level of transparency and ambitions to decentralize.

Cardano (ADA) Price Analysis

ADA/USD Weekly Chart

ADA/USD Price Analysis

Despite recent resuscitation, ADA/USD is still perched at 10th with a $1.18 billion market cap. Week over week losses stand at 14 percent and with 10 percent declines in the last 24 hours, it appears as if sellers might erase gains made early this week.

And this was expected. Clearly, from the weekly chart, bears are in charge and with ADA/USD price action trending within a bear breakout pattern which was confirmed last week, it’s a tall order for buyers.

All we need are strong signals of a trend reversal and that means before we initiate longs, we must see a double bar bull reversal pattern thrusting prices above our immediate resistance level at 6 cents. Before that happens, conservative traders should take a neutral stand aware that drops below 3 cents could signal trend continuation.

ADA/USD Daily Chart

ADA/USD Price Analysis

Even though there is a resistance of higher highs causing a 10 percent drop of ADA/USD in the last 24 hours, aggressive traders should interpret every low as buying opportunity until of course there is a complete reversal of Nov 28 gains—that’s when prices drop below 3 cents.

At spot prices, our bullish outlook is intact and all we expect is ADA to find support as bulls confirm the three-bar bullish reversal pattern set in motion by Nov 25. Ideally, we expect to see positions opened once prices surge above 5 cents triggering longs with first targets at 6 cents and later 9.5 cents assuming upward momentum is strong.

All Charts Courtesy of Trading View

Author: Dalmas N


Cardano (ADA) Daily Price Forecast: November 28, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.03000, $0.02800, $0.02600

ADA is in consolidation in its medium-term outlook. The formation of a bullish inverted hammer at $0.03486 in demand area in the context of a downtrend was an indication of a trend reversal.

The bullish pressure thus pushed the cryptocurrency up to $0.03992 in the supply area as ADAUSD enters into consolidation in the medium-term.

Price is above the 10-EMA and the stochastic oscillator is at 76% and its signal points up. It suggests upward price movement within the range.

ADAUSD is in consolidation and trading between $0.04241 in the upper supply area and at $0.03475 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bearish pressure was lost after the cryptocurrency dropped to$0.03411 in the demand area. The bulls stage a comeback after formation of a hammer at $0.03548 making at $0.03767 in the supply area before the end of yesterday session.

The bullish momentum was sustained briefly after opening with the cryptocurrency up at $0.03852 in the supply area before exhaustion set. The bears are gradually returning with the formation of a bearish candle. An impulsive move may happen and this will confirm the bears' full take over.

The stochastic oscillator is in the overbought region at 9% in the oversold region with its signal pointing down. Which suggest a downward price movement in the short-term.

The structure of the cryptocurrency in the short-term is an M with the right leg forming. $0.03300 in the demand area may be tested as the bearish momentum increases.


Cardano (ADA) Long-term Price Forecast: Nov 25, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.0600, $0.0800, $0.1000
Demand zone: $0.0100, $0.0080, $0.0060

ADA remains in a bearish trend in its long-term outlook. The bears continued the journey down south in grand style with the break of the lowest low of 12th September at $0.06010. 19th November saw the break with a large bearish candle as the coin dropped to $0.04889 and close the week at $0.03594 in the demand area.

Price currently is below the two EMAs and the EMAs are fanned apart which connotes strength in the context of the downtrend. The stochastic oscillator is in the oversold region at 8% and its signal points down which implies downward momentum.

The breakdown on 13th August from the low of 13th June gave a pip count of 5,247 to the downside. By measured move, the same breakdown on 19th November denoted by BREAK B may give the same pip count to the downside.

$0.01400 in the demand area may be attained as the bears sustained the strong pressure to the downside in the long-term.


Cardano (ADA) Daily Price Forecast: November 21, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.08000, $0.08200, $0.08400
Demand zones: $0.04000, $0.03800, $0.03600

ADA continues in a bearish trend in its medium-term outlook. The strong bearish pressure from the breakout of the bearish candle on 19th November at $0.06039 kept the increased bearish momentum as the cryptocurrency dropped to $0.04261 in the demand area on 20th November.

A minor pullback to $0.05181 in the supply area occurred as the bulls stage a returned. This happens at the 38.2 fib level which is a trend continuation zone. Rejection of upward price movement occurred at the10-EMA and ADAUSD went down to $0.04342 before the close of yesterday market.

The bulls are currently in control and pushing price up to the supply area but this is should be seen as a pullback before downtrend continuation. A retest of $0.04261 in the demand area is probably in the medium-term as the bears stage a strong return.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Rejection of upward price movement occurred at $0.04930 after a bullish move to the downward trend. This also resulted in the formation of a bearish doji.

The formation of a bearish railroad at $0.04831 further confirmed the bears' takeover
Price is below the 10-EMA and the stochastic oscillator is at 72% and its signal points down which implies a downward price movement.

As the bearish momentum increases a retest of $0.04269 in the demand area is imminent before the target at $0.04000.


Cardano (ADA) Long-term Price Forecast: Nov 18, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.09000, $0.1000, $0.10500
Demand zone: $0.0600, $0.0300, $0.0001

ADA continues is in a bearish trend in its long-term outlook. The strong bear pressure from the last week head and shoulder pattern broke the predicted $0.06800 in the demand area on 14th November and went further down to $0.05978.

The week ended saw ADAUSD made a low at $0.05823 in the demand area on 15th November.Exhaustion to further downward price movement occurred as candles close with wicks and as a bullish pinbar. This signals a trend reversal as the bulls are gradually returning.

The new week opening price on the daily time frame was $0.06116 lower than last week opening of $0.07550, an indication of more sellers in the market. Price may be up briefly but this should be seen as a retracement before the continuation of the downtrend.

The bears remain in control of the long-term outlook. This is confirmed with the stochastic oscillator in the oversold region at 17% and it signal points down This suggest downward price movement.


Cardano (ADA) Daily Price Forecast: November 14, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.06400, $0.06200, $0.06000

ADA is in a bearish trend in its medium-term outlook. The loss of bullish pressure to continue the upward price movement after the bullish candle at $0.07631 on 12th November that pushed the cryptocurrency to $0.07800 in the supply area return the bears.

The cryptocurrency has been making lower low with $0.07644 and $0.07395 in the demand area on 12th and 13th November respectively.

Today’s 4-hour opening candle $0.07460 was bearish with ADAUSD already down to $0.07388 in the demand area.

The cryptocurrency is in a downward channel Price has touched the upper line of the channel and a bounce did result with the bears on a journey to the lower line of the channel.

The stochastic oscillator is in the oversold region at10% with its signal pointing down which suggests a further downward momentum expected to push ADAUSD to $0.06910 in the demand area in the medium-term.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Rejection of upward price movement occurred when price enters the critical supply area. This started on 11th November and with the bears staging a comeback at the pushing the cryptocurrency to the demand area.

The bearish pressure was strong yesterday as ADAUSD went down to $0.07408 in the demand area after the bulls pushed price into the critical area at $0.07723.

Despite a bullish 1-hour opening candle at $0.07436 the bears still pushed ADAUSD to $0.07395 in the demand area earlier today.

Price is below the two EMAs crossover and the stochastic oscillator at 9% in the oversold region with its signal pointing down. Which suggest a downward price movement in the short-term.


Cardano (ADA) Long-term Price Forecast: Nov 11, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.09000, $0.1000, $0.10500
Demand zone: $0.0600, $0.0300, $0.0001

ADA is in a bearish trend in its long-term outlook. The week just ended saw the strong bullish pressure of 4th November pushed the cryptocurrency up to $0.08295 in the supply area on 7th November before losing momentum.

The bears' return saw the coin down to $0.07368 in the demand area below the two EMAS.
Exhaustion to further downward price push was seen as the candle closes with a wick as the bulls stage a return as the week comes to an end with a push to $0.07679 in the supply area.

The head and shoulder pattern is been formed by the cryptocurrency as it is set for another journey down south in the long-term. The right shoulder is currently forming which may bring the bears for a ride down to $0.06800 in the demand area.

Price is below the two EMAs and the stochastic oscillator is at 44% and its signal points down an indication of downward price movement due to the bears' pressure.


Cardano (ADA) Daily Price Forecast: November 7, 2018

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.07000, $0.06800, $0.06600

ADA is in a bullish trend in its medium-term outlook. The bullish takeover of the market that started on 4th November after the bullish candle at $0.07205 has been consistent with upward price movement. New higher highs and higher lows were been formed each day. $0.08185 in the supply area was the high of yesterday while $0.07649 in the demand area was the low of the day.

Today’s 4-hour opening candle $0.08169 was a bearish spinning top a trend reversal signal that briefly pushed BCHUSD to $0.08295 in the supply area after opening before dropping the cryptocurrency to $0.07923 in the demand area.

A unique teacup formation is seen with the neckline at $0.08084.The cup handle must be formed and that is presumably the current bears' pressure been witnessed. The bears' pressure is a pullback that may not get to $0.07800 in the demand area before weakening and the bulls will gradually return that will take ADAUSD to a new high of the day.

Price is sitting on the 10-EMA and the stochastic oscillator is in the overbought region at 81% with its signal pointing down which suggest the brief downward momentum expected to form the cup handle before the bulls return.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. $0.08152 was the high of yesterday as the bull continue the progressive journey up north before the close of the day. The bullish 1-hour opening candle sustains the momentum as $0.08295 in the supply area was tested by the cryptocurrency after opening before the loss in momentum.

The bears' return was confirmed by the candle that broke the 10-EMA and pushed ADAUSD further down to $0.07910 in the demand area.

Price is below the 10-EMA and within the 38.2 fib level, a trend continuation zone. Should the bears increased their momentum as indicated by the stochastic oscillator at 39% and it signal points down, this may be within the 38.2 or at the 50.0 fib level which will be a good area for the strong bulls return and continue the journey to retest $0.08400 in the supply area in the short-term.


Cardano (ADA) Technical Analysis: November 2, 2018

While Charles Hoskinson the CEO of Cardano is positive on what the future holds for the platform, the coin is struggling against unrelenting sellers. ADA is down four percent in the last week and pretty stable in the last day. However, buyers need to see movements and that can only happen once there are gains (or losses) above 9.5 cents (or below 7 cents).

Latest Cardano News

Without a doubt, ADA and Cardano are setting the pace of what it truly means to be “quality”. Afterall, it’s not all about ADA, the cryptocurrency fueling the Cardano platform but it’s more about the features and expectations around Cardano, the smart contracting platform that many expects to rival Ethereum and EOS. It can only replace them once Project Voltaire has been declared a success and the its triumph will be best exemplified by what the end user seeks to reap.

ROI matters and with prices stuck at “tank” mode for the better part of 2018, many investors are bailing out but regardless of the shake out Charles Hoskinson is issuing a rallying call expecting the platform developers to innovate and weather the bear storm.

And they appear to be successful, milestones are being hit with the like of SCALA, IELE VM which comes in handy during smart contract deployment and Mantis Client which enable users to launch Ethereum Classic full nodes without a hitch. The space is only getting better, expanding and with regular updates, the community are definitely a part of the team.

Recently, the team made updates indicating that Project Shelly—where the main theme is driving autonomy and decentralization, will launch in Q2. It’s imperative that the team deliver on their promise and kick-start the second important step now that Shelly launch has been pushed—AGAIN!

Cardano (ADA) Price Analysis

ADA/USD Weekly Chart

ADA/USD Price Analysis

The fall has been deep and it could continue now that candlestick formation screams bears. Notice that the last two-three months has been full of consolidation with clear support at 6 cents—the new ADA ATLs and resistance at 12 cents. All of these levels are important and so is Sep 2018 highs at 9.5 cents.

Traders and investors alike should mark out this level knowing that-as laid out in our last ADA/USD price analysis—surges above it ushers the first wave of bulls.

But there is a caveat and it shall depend on how price action reacts in days to come and if prices will slide lower in line with week ending Sep 9 bear whose high low still confines prices. From our previous emphasis, any high-volume dips below 6 cents could lead to a price collapse to new all-time lows and it would be totally unexpected considering the flowers of Cardano promise.

Conversely, rapid gains above 9.5 cents breaching Sep highs could pad the faltering market cap.

ADA/USD Daily Chart

ADA/USD Price Analysis

Here the trend is clear, bearish and a simple trend line connecting recent highs reveal that. The same trend line is also a liquidating line and a mark of bulls once there is a break above.

Now, like in our previous outlooks, we shall consider ADA bullish if: one, there is strong momentum clearing Oct 11 high volumes bull bar.

This bar anchors our analysis and seem to confirm that of Sep 5. Secondly, if the 7 cents minor support holds. Failure for that and we traders can begin shorting on pull backs with first targets at 6 cents, the coin’s ATLs.

Author: Dalmas N


Cardano (ADA) Daily Price Forecast: October 31, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.06000, $0.05800, $0.05600

ADA is in a range-bound market in its medium-term outlook. The bulls struggle to stage a comeback while the bears gather momentum to continue the journey down south. After a push of the cryptocurrency to $0.07076 in the supply area, exhaustion sets in as the candles close with wicks.

The bearish doji announces the bears returned that dropped ADAUSD to $0.06940 but lacked the pressure to push the cryptocurrency to the low of the previous day at $0.06870.
The 4-hour opening candle at $0.07001 though bearish may be nullified by the bulls as it happens in the previous candle.

Price is below the two EMAs and the stochastic oscillator is at 21% with its signal undefined which is a reflection of the ranging scenario in the medium-term.

ADA is in consolidation and trading between $0.07158 in the upper supply area and at $0.06843 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. $0.07075 was the high the bullish pressure could take the cryptocurrency after the bullish 1-hour opening. The bears dropped ADAUSD to $0.06942 in the demand area before the close of yesterday session.

The bearish pressure seems strong within the range despite the bullish 1-hour opening at $0.06985. Price is below the two EMAs and the stochastic oscillator is at 21%. Its signal undefined a reflection of the ranging scenario.

ADA is in consolidation and trading between $0.07150 in the upper supply area and at $0.06871 in the lower demand area of the range. A breakout at the upper supply area may suggest a long position while breakdown at the lower demand area may imply a short position. This should with good reversal candles as extra confirmation.


Cardano (ADA) Long-term Price Forecast: Oct 28, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.09000, $0.1000, $0.10500
Demand zone: $0.0600, $0.0300, $0.0001

ADA continues in a range-bound market in its long-term outlook. Last week began with an inverted bearish hammer at $0.07765 on 21st October. The strong bearish pressure led to ADAUSD making lower lows. $0.07327 was the low of the day on 23rd October while $0.07270 was the low the cryptocurrency made on 25th October.

Today 28th October marks the beginning of another trading week, ADAUSD already made a low at $0.07212 in the demand area as the bears continue their journey down south.

Price is below the two EMAs and the stochastic oscillator signal points down which connotes downward movement in within the range in the long-term.

ADA is in consolidation and trading between $0.09000 in the upper supply area and at $$0.06900 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply or a breakdown at the lower area will occur thereafter position can be taken.


Cardano (ADA) Technical Analysis: October 26, 2018

Straight from Algorand endorsement by Charles Hoskinson to Trezor’s support of ADA, the ground is set for ADA/USD rally. All things constant, we maintain a bullish outlook. Regardless, we still retain a neutral stand for now until after prices edge past 9.5 cents.

Latest Cardano News

A team made up of academic luminaries in cryptography, finance and science are ready to roll out their business ready protocol after securing $62 million in funding following a successful ICO. In Algorand, Charles Hoskinson said they have found a real competitor and like Cardano, the team is working towards creating a blockchain platform that bids to beat the blockchain Trilemma of decentralization, security and scalability.

Charles Hoskinson is known for his academic and technical acumen. He’s thorough and over time, his critical analysis on several projects has been known to be ruffling. Therefore, his endorsement of Algorand and subtle swipe at existing smart contracting platforms as EOS and Tron is a cause why enthusiasts should take a look at Algorand and analyze its value proposition. It should be noted that like Cardano, Algorand employs proof of stake and though they have a definite road map as they seek to roll out a platform that is ready for immediate use, the team plans to be thorough and avoid avoidable pitfalls of yielding to community pressure of fast mainnet release.

At the same time, Trezor’s Model T now supports ADA, the platform’s native currency. Of course, this is boosting especially now exchanges are listing ADA as they open up their fiat market. As such, it is only necessary for the smart contracting platform to partner with community approved hardware wallet companies as Trezor as the need of reliable and safe storage of ADA rise.

Cardano (ADA) Price Analysis

Weekly Chart

ADA/USD Cardano Price Analysis

There are two opposing moves in the daily chart and both are important. The first is price movements leading to week ending Sep 9 is bearish and complementing the bear break out pattern of early August. This is bearish and bulls are yet to reverse those losses. Secondly, the bullish engulfing pattern of week ending Sep 23 reacting right at Cardano’s ADA all time lows. Accompanying this revival was high trade volumes as visible from the chart.

Now, though bears are technically in charge because bulls are yet to print above week ending Sep 9 highs, odds are we might see a shift of trend as long as prices trend above Sep 2018 lows. Besides, the simple fact that ADA is down 100 percent from 2017 peaks means bulls have an upper hand and could edge higher as the year concludes.

Daily Chart

ADA/USD Cardano Price Analysis

Here, it is clear that prices are consolidating and as long as ADA trends inside Oct 15 high, then odds are bulls are in control. Aside from volume and momentum consideration, specific candlestick formations hints of bulls.

In the last three to five days, ADA bears did end up printing with long lower wicks as they trade within tight ranges hinting of bulls. That’s apart from tapering volumes convincingly eclipsed by Oct 15 volume spikes which again points to underlying bull pressure.

Now, combining all of these front buys but before we commit trades, the best stand is to wait for rallies above 9.5 cents and the minor resistance trend line. Thereafter, aggressive bulls can buy on dips upon break outs with first targets at 12 cents.

However, losses below 7 cents or Oct 15 could trigger a spate of sellers aiming at 6 cents and new ADA ATLs.

Author: Dalmas N


Cardano (ADA) Daily Price Forecast: October 24, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.07000, $0.06800, $0.06600

ADA remains in a range-bound market in its medium-term outlook. Rejection of upward price movement at $0.07939 on 21st October led to bears takeover and downward price movement. ADAUSD was initially down to $0.07612 in the demand area on 22nd October and later to $0.07327 on 23rd October due to increased bearish momentum.

Exhaustion is seen as the candles close with lower wicks which implies the gradual return of the bulls. ADAUSD was up at $0.07623 in the supply area before the end of yesterday session. The 4-hour opening candle at $0.07584 was a bullish doji and price was up at $0.07744 earlier today due to the strong bullish pressure within the range

Price is above the 10-EMA and the stochastic oscillator is at 54% with its signal pointing up. These imply upward price movement of the currency within the range in the medium-term.

ADA is in consolidation and trading between $0.08000 in the upper supply area and at $0.07200 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in consolidation in its short-term outlook. The bulls are back in the range after a progressive upward movement that broke the 10-EMA at $0.07515 with an engulfing candle.

Increased bullish momentum broke the 50-EMA at $0.07591 with ADAUSD up at $0.07736 in the supply area earlier today.

The stochastic oscillator is in the overbought region at 85%. Its signal undefined a reflection of the ranging scenario.

ADA is in consolidation and trading between $0.07800 in the upper supply area and at $0.07289 in the lower demand area of the range. A breakout at the upper supply area may suggest going long while breakdown at the lower demand area may imply shorting the cryptocurrency. This should with good reversal candles as extra confirmation.


Cardano (ADA) Long-term Price Forecast: Oct 21, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.09000, $0.1000, $0.10500
Demand zone: $0.0600, $0.0300, $0.0001

ADA is in a range-bound market in its long-term outlook. After the bearish pressure of 8th October that dropped price from $0.08950 in the supply area to $0.06985 in the demand area, the bulls had been finding momentum for a progressive journey to the upper area of the range.

The bullish pressure of 15th October was a false breakout. This saw ADA at $0.09119 in the supply area and later lost of its gain same day with a low at $0.06898 in the demand area.

The bulls progressive movement within the range remains on course with price above the 10-EMA and the stochastic oscillator at 40% and its signal is in a parallel line which is a reflection of the ranging scenario.

ADA is in consolidation and trading between $0.09000 in the upper supply area and at $$0.06900 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply or a breakdown at the lower area will occur thereafter position can be taken.


Cardano (ADA) Daily Price Forecast: October 17, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.08600, $0.08800, $0.09000
Demand zones: $0.07000, $0.06800, $0.06600

ADA remains in a range-bound market in its medium-term outlook. The strong bullish pressure from $0.07450 in the demand area of 15th October after the drawdown has been consistent.

ADAUSD made a high of $0.07901 in the supply area during yesterday session. Further upward price rejection was seen at the 50 EMA. Minor drawdown due to the bears' pressure dropped the cryptocurrency at $0.07629 in the demand area before the end of yesterday session.

The 4-hour opening candle at $0.07774 was bullish and ADAUSD was up $0.07976 in the supply area earlier today as the cryptocurrency continues in the range. Price is above the two EMAs and the stochastic oscillator is at 38% with its signal pointing up which implies upward price movement within the range may occur due to increased bullish momentum.

ADA is in consolidation and trading between $0.08000 in the upper supply area and at $0.07000 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend its short-term outlook. Price has remained above the 10 EMA over the past 48 hours, an indication of the bulls holding their ground.

Although the 1-hour opening candle at $0.07829 was bearish the bullish momentum was intact as ADAUSD up to $0.07975 in the supply area earlier today.

The stochastic oscillator is in the oversold region at 79%. It signals is up which imply upward movement in the short-term may likely occur.


Cardano (ADA) Long-term Price Forecast: Oct 13, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA is in a bearish trend in its long-term outlook. After a bullish momentum that saw ADA at $0.08950 in the supply area on 8th October, exhaustion sets in and the bulls could not continue the upward push thereby losing the momentum.

The bears return was gradual with the doji on 9th October follow by a bearish hammer confirming the bears market-takeover. $0.07588 in the lower demand area of previous long-term analysis was broken by the bearish pressure and ADA was further down to $0.06935 in the demand area on 11th October.

A retest of the broken demand area now support area was made twice, on 10th and 11th October. This may be a good confirmation to the resumption of downward movement as the bear may stage a comeback.

Price is below the two EMAs and the stochastic oscillator is at 26% and its signal points down. These imply strong bear pressure and subsequent downward movement in price of the cryptocurrency in the long-term. $0.06000 may be retested as the bears continue the journey south.


Cardano (ADA) Daily Price Forecast: October 10, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA remains in a range-bound in its medium-term outlook. The strong bearish pressure from $0.08695 in the opening of 9th October maintained the downward movement till $0.08324 in the demand area on 10th of October as the momentum gradually reduces.

The formation of a bullish spinning top at $0.08424 confirms the bull returns. ADA upward up $0.08527 in the supply area. this is an indication that ADA upward movement with the range may have started.

Price is above the 50 EMAs and the stochastic oscillator is in the oversold region at 21%. It signals is up which imply upward price movement in the medium term.

ADA is in consolidation and trading between $0.08993 in the upper supply area and at $0.07899 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower demand area before taking a position.

ADA/USD Short-term Trend: Bullish

The cryptocurrency returns to a bullish trend its short-term outlook. The strong bearish pressure pushed price down to $0.08324 in the demand area. This was at the 61.8 fib level, a trend reversal zone.

The bullish railroad in this zone further confirms the bulls return. Price has been making a progressive journey up north. $0.08526 in the supply area was tested as the bull's momentum gradually increases.

Price sits above the 10 EMA and the stochastic oscillator is at 65% and it signals points up. This connotes upward price movement in the short-term. New high may be attained before end of trading session.


Cardano (ADA) Long-term Price Forecast: Oct 7, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook is a range-bound market. The bullish pressure was lost at $0.08724 in the supply area on 30th September at the beginning of last week. The bearish pressure pushed the cryptocurrency down to $0.07782 in the demand area below the two EMAs on 3rd October.

The formation of a bearish hammer at the demand area signaled trend reversal. Price was up $0.08561 in the supply area as the coin enters the range.

Price is around the 10-EMAs with the stochastic oscillator at 47% and its signal is parallel. The implication of these is equal bullish and bearish momentum hence the ranging scenario of the cryptocurrency.

ADA is in consolidation and trading between $0.09188 in the upper supply area and at $0.07588 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position.


Cardano (ADA) Daily Price Forecast: October 3, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA is in a range in its medium-term outlook. The strong bearish pressure from with the range dropped the cryptocurrency to $0.08117 in the demand area before the end of yesterday trading session.

The bears' pressure was maintained as the market opened today with a bearish candle at $0.08234. Price was further down to $0.07788 in the demand area as the bulls gradually stage a comeback.

ADA is in consolidation and trading between $0.08784 in the upper supply area and at $0.07668 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend its short-term outlook. $0.07786 in the demand area was the low the bearish pressure from yesterday railroad formation at $0.08360 dropped the cryptocurrency.

A pullback to $0.08143 which is the 38.2 fib level by the bullish pressure was achieved as the rejection to further upward price movement was seen as candles close with wicks. Price is below the 10-EMA an indication to bears returned.

The pullback is necessary for the market correction before downtrend continuation. As more candles formed below the EMAs crossover new low in the demand area may be attained.


Cardano (ADA) Long-Term Price Forecast: Sept 30, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook is a bullish trend. The formation of a bearish railroad on 24th September pushed the cryptocurrency down to $0.07353 in the demand area. Rejection to further downward movement due to loss of bullish momentum returned the bears as the candle closed as a bearish hammer on 25th September.

Increased bullish momentum led to ADA up $0.8934 in the supply area. This was above the 10-EMA. an indication of bullish pressure.

The stochastic oscillator is at 74% and its signal points up. This implies an upward price movement of the cryptocurrency as the bullish pressure becomes stronger in the long-term.

As more candles formed and closed above EMA, $0.1000 in the supply area may be the bulls’ initial target as the long-term outlook remains bullish.


Cardano (ADA) Daily Price Forecast: September 26, 2018

ADA/USD Medium-term Trend: Ranging

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA is in a range in its medium-term outlook. The strong bearish pressure from $0.09425 in the supply area lost momentum at $0.07406 in the demand area as denoted by wicks in the candles. This was the 61.8 fib level, a trend reversal zone as confirmed by the dojis.

The bullish momentum saw ADA at $0.08253 in the supply area before the end of yesterday session. The bearish 4-hour opening candle at $0.08111 resulted in a bearish railroad as it closes. The implication of this is downtrend price movement as the cryptocurrency ranges.

ADA is in consolidation and trading between $0.08241 in the upper supply area and at $0.07420 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur hence patience is required before taking a position.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend its short-term outlook. After the rejection of further downward price movement at $0.07551, the bulls gradually returned. The formation of a pinbar and a bullish doji signal the trend reversal.

ADA was up to $0.08243 in the supply area before the end of yesterday trading session. A bounce occurred at the trendline and the cryptocurrency was down to $0.07601 in the demand area, below the 10-EMA earlier today.

Two scenarios are presented as the overall outlook remains bearish. A bounce of the trend line 1 the second time or a bounce off trendline 2.


Cardano (ADA) Long-term Price Forecast: Sept 23, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook is a bullish trend. The strong bearish pressure resulted in a retest of the target at $0.07821. Price went further down to $0.06220 in the demand area and lost momentum. The bulls gradually returned as the bullish railroad was formed.

The bullish pressure was strong with ADA at $0.08434 above the 10 EMA. This was a breakout from the upper line of the descending channel. The increased bullish momentum  was sustained after a retest of the line and the cryptocurrency was up $0.09425 in the supply area on 23rd September.

The stochastic oscillator is in the overbought region at 81% and its signal points. This implies an upward price movement of the cryptocurrency as the bullish pressure becomes stronger in the long-term.

$0.1050 in the supply area may be the bulls’ initial target as this is a weekly resistance area. A breakout from this area will put $0.1200 on the card.


Cardano (ADA) Daily Price Forecast: September 19, 2018

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA is in a bullish trend in its medium-term outlook. The strong bullish pressure from $0.06202 in the demand area after railroad formation pushed the cryptocurrency up to $0.06770 in the supply area with a large bullish engulfing candle.

ADA was further up to $0.07046 before the session ended yesterday as the bullish momentum increased.

Price is above the 10-EMA with the stochastic oscillator is in the overbought region at 81% and its signal is pointing up. This implies further upward momentum in price of the cryptocurrency as the bullish pressure becomes much stronger in the medium-term.

The structure of ADA is a unique W which implies a bullish run may occur as more candles formed and closed above the EMAs crossover.

ADA/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend its short-term outlook. The bullish railroad after the opening help sustained the bullish pressure from $0.06301 in the demand area.

Price is above two EMAs crossover and approaching the critical supply area at $0.07010. Price going for the fourth touch at the area. The may lead to a break and subsequently an upward movement in the price of the cryptocurrency after retest as the bullish momentum increases.


Cardano (ADA) Long-term Price Forecast: Sept 16, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook remains is a bearish trend. The cryptocurrency has continued the downward journey from 5th September after the touch on the edge of the downward channel as seen from the chart.

The large engulfing bearish candle that closed below the 10-EMA dropped the cryptocurrency at $0.08252 in the demand area has sustained the bearish pressure.

Price is below the two EMAs crossover with the stochastic oscillator in the oversold region at 17% and its signal points down. This implies further downward price movement as the bearish momentum increased as bears continue the push downward.


Cardano (ADA) Daily Price Forecast: September 12, 2018

ADA/USD Medium-term Trend: Bearish

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0500, $0.0450, $0.0400

ADA is in a bearish trend in its medium-term outlook. The bears are holding tight the control of the market with a push to $0.06576 in the demand area as the trading session came to a close yesterday.

The bulls had a minor push of price to $0.07056 in the supply area, creating a flag. As expected the bears returned with the opening 4-hour candle, a large bearish engulfing and price was further down to $0.06405 in demand area.

Price is below the two EMAs with the 10-EMA a strong resistance against the cryptocurrency upward price movement. Moreover, the EMAs are area seen fanned apart which imply strength in the context of the downtrend.

The stochastic oscillator is in the oversold region at 13% and its signal is pointing down. This implies further downward momentum in price of the cryptocurrency as bears pressure becomes much stronger in the medium-term.

ADA/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend its short-term outlook. The cryptocurrency is a downward channel. The bullish momentum from $0.06576 in the demand area was lost at $0.7054 in the supply area when price touches the upper line of the channel as the session ended yesterday.

The opening 1-hour candle at $0.07009 was a bearish engulfing, ADA dropped to $0.06384 in the demand area.

The bears' pressure may continue and a break and close of price outside of the channel will further take ADA down to $0.0500 in the demand area in the short-term


Cardano (ADA) Long-term Price Forecast: Sept 8, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook is a bearish trend. The strong bearish pressure broke past $0.08540 of the lower demand area of last week forecast twice. The first was on 6th September and ADA was down to $0.08047 in the demand area.

The bulls had a brief returned and pushed price back up and closed forming a bullish spinning top making a high of $0.09161 in the supply area.

The second time was on 7th September and price closed below it. It was retested again on 8th September and dropped to $0.07772 in the demand area.

The stochastic oscillator is in the oversold region at 13 % and its signal points down. This implies further downward price movement as the bearish momentum increased as the journey south continues.

The bears' target in the long-term may be a retest of $0.07821 in the demand area. Price was at this area on 1st December 2017.


Cardano (ADA) Daily Price Forecast: September 5, 2018

ADA/USD Medium-term Trend: Bullish

Supply zones: $0.1150, $0.1250, $0.1350
Demand zones: $0.0950, $0.0900, $0.0850

ADA is in bullish trend in its medium-term outlook. The cryptocurrency is in an ascending channel with price at the lower line of the channel. Each touch of price at the lower line of the channel results in a bounce.

Price is at $0.1054 in the demand area of the channel and above the two EMAs. The implication is strong bullish pressure to take the coin up to the upper line may set in.

The stochastic oscillator is at 63% and its signal is pointing up. This implies an upward momentum in price of the cryptocurrency due to the bullish pressure $0.1100 in the supply area may be the bulls target in the medium-term.

ADA/USD Short-term Trend: Ranging

The cryptocurrency is ranging its short-term outlook. The bullish pressure drove price up to $0.1074 in the supply area from $0.1036 in the demand area.

The bears returned as the bullish momentum was lost. Price was down to $0.1047 in the demand are despite the bullish 1-hour opening candle at $0.1050.

ADA is in consolidation and trading between $0.1070 in the upper supply area and at $0.1036 in the lower demand area. Traders should be patent or a breakout at the upper supply or breakdown at the lower demand area before taking a position.


Cardano (ADA) Long-term Price Forecast: Sept 1, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0300, $0.0001

ADA long-term outlook continues in ranging scenario. The formation of a bullish spinning top on 24th August returned the bull as bearish exhaustion was seen in previous candles with wicks.

The increased bullish momentum pushed the cryptocurrency up to $0.1097 in the supply area on 29th August.

A bearish doji returned the bears and price was down to $0.09591 in the demand area o 30th August. This was a pullback necessary for the market correction to validate the bullish continuation within the range.

Price is above the 10-day EMA with the stochastic oscillator at 67% and its signal pointing up. These imply upward movement in the price of the cryptocurrency within the range as the bullish pressures increase

ADA continues in consolidation and trading between $0.1133 in the upper supply area and at $0.08540 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position.

Cardano (ADA) Long-term Price Forecast: Aug 26, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.1600, $0.1800, $0.2000
Demand zone: $0.0600, $0.0400, $0.02001

ADA long-term outlook is ranging. The bears' journey to the south continued as a rejection of upward price movement at $0.1125 in the supply area was seen with the bearish railroad formation closing at $0.09506 on 18th August.

The cryptocurrency price was down to $0.08629 in the demand area on 23rd August. The bullish momentum, a pullback necessary for the market correction manage a push of the coin to $0.09608 in the supply area below the 10-day EMA.

The stochastic oscillator is in the oversold region at 24% with its signal in parallel line as the cryptocurrency consolidates.

ADA is in consolidation and trading between $0.1133 in the upper supply area and at $0.08540 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position.


Cardano (ADA) Long-term Price Forecast: Aug 19, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.2000, $0.2200, $0.2400
Demand zone: $0.1000, $0.0500, $0.0001

ADA long-term outlook returns as a bullish trend. The bearish momentum was strong as this led to the break of $0.1000 in the demand zone. Further drop in the cryptocurrency price to $0.08391 in the demand area was achieved as the bears pressure became strong.

A retest of the critical zone at $0.1124 was achieved after price initially was up to $0.1166 on 13th August. The bearish momentum was lost on 14th August as a bearish hammer was formed a reversal candlestick pattern with the bulls gradually returned to the market.

The bullish momentum was high and price touch the $0.1124 in the supply area on 18th August.

The stochastic oscillator is at 36% and its signal points up. This connotes upward momentum in price of the cryptocurrency as the bulls pressure is sustained in the days ahead. $0.1122 in the supply area may be attained by the bulls in the long-term.


Cardano (ADA) Long-term Price forecast: Aug 12, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.2000, $0.2200, $0.2400
Demand zone: $0.1000, $0.0500, $0.0001

ADA long-term outlook continues in a bearish trend. The bears kept price journey to the south stronger as the cryptocurrency made a new low last week at $0.1051 in the demand area.

The bullish momentum was absent that should have move price up after the formation of a bullish railroad at the beginning of last week. $0.1364 in the supply area was the limit the bulls could get the coin to before the bears returned and pushed price down.

Price is still below the two EMAs and the EMAs area fanned apart which implies strength in the context of the trend and in this case the downtrend. This may continue in the long term as the bears' pressure increases.

The stochastic oscillator is in the oversold region at 10% and its signal is pointing down. This implies downward momentum in price of the cryptocurrency is obvious.

The bears' broke the demand zone on 8th August and retested it and the same happened on 11th August. It, therefore, suggests that the downward move may continue in the long-term.

Cardano (ADA) Long-term Price Forecast: Aug 5, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.2000, $0.2200, $0.2400
Demand zone: $0.1000, $0.0500, $0.0001

ADA long-term outlook is in a bearish trend. The bearish pressure was strong as $0.1582 in the lower range of last week analysis was nicely broken. Price went further down to $0.1216 in the demand area.

Price is below the two EMAs and lower highs and lower lows formation are seen as the bears increased their momentum south. The 10-day EMA was a strong resistance against bullish upward movement and will surely continue this in the future.

The two EMAs area fanned apart which implies strength in the context of the trend and the downtrend prevails in this scenario.

The stochastic oscillator is at 38 percent and its signal is pointing up. This means upward momentum due to the bulls’ pullback which is necessary for the market correction before bearish trend continuation.

The bears' pressure may continue to be strong with more bearish candles formed and closes below the EMAs. $0.1180 in the demand area may be attained in the long-term.


Cardano (ADA) Long-term Price forecast: July 29, 2018

ADA/USD Long-term Trend –Ranging

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

ADA long-term outlook is a ranging scenario. The bullish pressure could only manage a push to $0.18103 above the two EMAs in the supply area. The formation of a bearish doji set the bears back to the market.

Price was down to $0.1574 in the demand area below the two EMAs. This area became a strong support as the rejection to further downward move was seen. The bulls returned with a bullish engulfing candle and pushed the cryptocurrency back up to the supply area at $0.1785.

The cryptocurrency is in consolidation and trading between $0.1804 in the supply area of the upper price range and at $0.1582 in the demand area of the lower price range.

Traders should wait for either a breakout at the upper range or a breakdown at the lower range before flowing with the trend. In the alternative, a good range strategy may be considered and profit taken as price goes up and down in the range.


Cardano (ADA) Long-term Price Forecast: July 22, 2018

ADA/USD Long-term Trend – Bullish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

Cardano long-term outlook continues in the bullish trend. The inverted head and shoulder pattern formed did shot the price up as predicted last week. Price was pushed up to $0.1980 in the supply area. This is above the two EMAs.

The formation of a doji followed by a long bearish candle brought the bears Price went down to 0.1538 in the demand area below the 10 EMA.

The stochastic oscillator is at 53 percent and it signal points down which suggest minor pullback due to the bears' pressure, but it should be seen as necessary for the market correction before uptrend trend continuation.

The $0.2000 in the supply area may be attained this week as the bulls increased their momentum in the long-term.


Cardano (ADA) Long-term Price Forecast: July 15, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

Cardano long-term outlook is bullish. The bullish pressure could not push price above $0.1504 in the supply area as they met a strong resistance in this area and they lost momentum.

The bears returned pushed the coin down to $0.1219 in the demand area. The pin bar that was formed was a trend reversal signal meaning that the bulls are back.

Price is above the 10-day EMA and the coin was up to $0.1470 in the supply area.

The inverse head and shoulder pattern is the structure of the cryptocurrency and always favour the bulls.

Price is on its way up to $0.1600 in the supply area in the long –term but we may have a minor pullback at the right shoulder before shooting up.


Cardano (ADA) Long-term Price Forecast: July 8, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

Cardano long-term outlook is bullish. The bulls were able to push the coin up to $0.1614 in the supply area on July 3rd.

The formation of a bearish doji, a reversal candlestick pattern brought the bears back to the market whose pressure pushed the cryptocurrency initially down to $0.1476 and closes the week lower at $0.1366 in the demand area.

This week open bullish with price at $0.1419 against last week opening price of $0.1310, which implies that we may see more buyers taking the long position as the week goes by whose pressure and presence will lead to upward movement in the price of the cryptocurrency.

The overall pullback of the upward movement that started on June 29th is at 50.0 fib level which is trend reversal zone. Hence the bulls favoured for a comeback.
The $0.2000 in the supply area may be the bulls’ initial target in the long-term.


Cardano (ADA) Long-term Price Forecast: July 1, 2018

ADA/USD Long-term Trend –Bullish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

Cardano is back in bullish trend in long-term outlook. The bears' pressure was strong within the week as $0.1379 in the demand area was retested and broken. The bears succeeded in pushing further down to $0.1118 in the demand area.

The cryptoasset was in this demand area on December 11th, 2017. Hence a strong support and the bearish pressure could not break. The bulls gradually returning back to the market.

Their high momentum was high and this resulted in the break of the downward trendline as you can see from the chart and price was pushed up to $0.1460.

It thus implies that the bulls may take price back to the moon. As more bullish pressure increases we may likely see a retest of $0.2000 in the supply area in the long-term.


Cardano (ADA) Technical Analysis: June 29, 2018

Sometimes when the markets are bleeding, investors throws the value aspect of that digital asset. That and long term projection goes out of the window. Yes, ADA and Cardano are struggling and thus far, persistent sell pressure has wiped more than 90 percent of ADA valuation since peaking in Dec 2017.

Regardless of these price swings, Cardano is technically superior and has features that makes it a long term buy. Even the host of CNBC Africa Crypto Trader thinks there is a serious “undervaluation” in Cardano, a DApp platform.

Cardano In the News

When titans clash, it’s usually the small fish who hurt. So, how wonderful it was for the blockchain community when we saw two of the leading minds in the sphere thawing and suggesting technical improvements. Well, unlike many figureheads in the crypto sector like Vitalik of Ethereum, who like mocking others in public, Charles Hoskinson often takes the sober approach.

He’s been part of Ethereum before the DAO event necessitated the hard fork but still remained true to the immutability aspect present in the Ethereum Classic. Being a leader in two of the world’s largest blockchain projects gives makes him influential and experienced.

He of course knows what he is talking about and in a series of tweets that generated diverse reaction from the community, Charles suggested the Mantis Client to Justin Sun of Tron. It’s a technical choice to him and Tron-not new to controversy since after they were accused of plagiarizing their white paper did consider “looking into” his recommendation.

Needless to say, Cardano prides itself as a blockchain project emerging from a research driven approach and most of their important codes are peer reviewed. Their Proof of Stake algorithm, the Ouroboros, has been thoroughly checked by security experts and approved.

Besides there are developments happening in their Plutus Core which despite being a simple language, it is precise and secure. Plutus core will be implemented in their CCL layer. Others crucial updates that are bullish for Cardano (ADA) includes: their IELE VM which is 50 percent complete and their paper wallets which is now available.

Cardano (ADA) Technical Analysis

Weekly Chart
Cardano ADA Weekly Chart June 29
Click here to see the full size Cardano ADA Weekly Chart June 29

The mere fact that ADA prices are 4 cents away from its all-time lows goes on to show how sell pressure has been strong. In fact as the charts shows, this year alone has seen ADA sellers reversing more than 90 percent of 2017 ADA rally. The prices peaked at $1.40 and at current spot prices of 11 cents, it’s unbelievable. Technically, and seeing how strong alt-coin prices are coupled with BTC prices, it could be worse. In my view and taking hints from previous trade plans, selling and trading with the trend should be the right approach.

Daily Chart
Cardano ADA Daily Chart June 29
Click here to see the full size Cardano ADA Daily Chart June 29

On a day over day basis, ADA is down six percent helping push ADA prices deep into negative territory. From previous trade plans and a highlighted above, our sell triggers were at 12 cents but courtesy of June 28 bearish engulfing and break down candlestick, sellers are now in charge. I suggest selling at current spot price with stops at 14 cents. That’s just above June 28 highs and with immediate targets at 7 cents or Cardano’s ATLs.

Author: Dalmas N


Cardano (ADA) Long-Term Price Forecast: June 24, 2018

ADA/USD Long-term Trend –Bearish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1000, $0.0500, $0.0001

Cardano continues in bearish trend in long-term outlook. The bears continue their stronghold as they broke the $0.1500 in the demand area and pushed price further south. The bulls made a minor push of price to $0.14059, but lost momentum as the formation of double top resulted in the bears come back.

The bearish momentum pushed price further down to $0.12126 in the demand area. This was a retest of the demand area the cryptocurrency was on 12th of March 2018.

Weekly candle opened bearish at $0.1382 compared to last week opening price at $0.1618, which implies more sellers are present and their pressure may take price further south.

Cardano is currently at $0.12441 as at the time of this write-up. Pullbacks may be witnessed as the week progresses but this should be seen as confirmation for downward trend continuation. As the bears' pressure increased, we may likely see another retest of $0.10000 in the demand area in the long-term.


Cardano (ADA) Technical Analysis: June 20, 2018

Overly, our general expectation was that prices are bottoming out. However, with that strong bear candlestick, it appears that trend is picking up and likely to break below June 13 lows if that pace is maintained. So, all things constant, it’s better to take a neutral stand and track how price action pans out.

From the News

In the midst of doubters, sellers and hacks, Cardano still stands out as a project in development. It has repeatedly told off critics by implementing several of their previous promised updates in Q2 this year. Even though we may still argue that Cardano is nothing but an over-valued project in the top 10 that is yet to implement none of their theories, still we can see some of their technical steps are well meaning and anchored to make this project a success.

By all accounts, ADA has been touted as a stable cryptocurrency and while ADA their native token that resides in the CSL fluctuates depending mostly on the performance of the market and specifically BTC, there is an element of assurance. That of security that we cannot wish out. Let’s not forget the influence of Charles Hoskinson, the co-founder of Cardano who was one of the founding members of Ethereum before the DAO event.

So, first, to protect ADA holders, they came up with a clever update enabling print out of their token certificates complete with the addresses of their offline wallets. Besides there is development in progress for their Settlement Layer where the Plotus Coreupdate is 50 percent done and with IELE Virtual Machine VIdevelopment execution of smart contracts and translation of higher level language will be possible in Cardano CSL.

On the strategic partnership front which the Cardano Foundation is responsible for, there is movement. One of them is the planned partnership with MetAps Plus, one of South Korea’s largest mobile providers. That’s not all, there is further listing from eToro and while this guarantees exposure and the much needed liquidity, individual investors would have more opportunity to diversify their portfolio in this innovative trading platform.

ADA Technical Analysis

Weekly Chart

ADA Weekly Chart-June 20

Perched at eighth in the liquidity list, ADA is struggling to cope with sellers. In the last seven days for example, its price is down three percent and from the chart, it is near its main support at 12 cents. Coincidentally, that’s April lows and by end of this week and especially if the current weekly candle ends up bearish then sellers would have been successful in reversing April gains. All in all, ADA is trending inside a 30 cents trading range with highs at 40 cents. However, like most coins under our focus, it’s likely that these lower lows are nothing more that long covering in a classic effort versus result scenario. Note that it took eight or so weekly candlesticks to reverse April’s gains and while at it, trading volumes are relatively low.

Daily Chart

ADA Daily Chart-June 20

So, it’s solely because of the weekly chart events and the fact that at current valuation, price is 3 cents away from the main support that would deter us from selling. It’s better to take a neutral stand and wait. That’s despite the obvious strong bear pressure threatening to break below June 13 lows and distribution/accumulation at 14 cents. From our previous analysis, our conservative buy triggers was at 18 cents or June 14 highs. Any form of up thrusts above this level accompanied by high trading volumes welcomes ADA buyers.


Cardano (ADA) Long-term Price Forecast: June 17, 2018

ADA/USD Long-term Trend -Bearish

Supply zone: $0.3000, $0.3200, $0.3400
Demand zone: $0.1500, $0.1000, $0.0500

The cryptocurrency continues in its bearish trend in long-term outlook. Last week analysis was quite fulfilled by the bears as they took price on a continuous journey to the south. They held sway of the market as they broke the target at $0.1800 in the demand area, retested it and went further down to a fresh demand area at $0.1600.
The bulls lost in pressure at critical demand area led to the bears return with strong pressure.

Cardano is currently at $0.1634. We may see a retest of the supply area at $0.1700 asa pullback by the bulls. This should be seen as a market correction for trend continuation to the south as the bears increase their pressure on the cryptocurrency in the long-term.


Cardano (ADA) Long-Term Price Forecast: June 10, 2018

ADA/USD Long-term Trend-Bearish

Supply zone: $0.3000, $0.3200, $0.3400

Demand zone: $0.1500, $0.1000, $0.0500

The cryptocurrency continues in its bearish trend in long-term outlook. The bulls failure to break the $0.2500 supply area due to lack of momentum set the bears in the market and their pressure on price created a structure for the pair. The structure is M and this is about to complete the right leg.

This will be completed if the bears successfully pushed price down to $0.1700 in the demand area.

The bulls may stage a comeback at this demand area. If they were able to gather enough momentum, price may go back up to the supply area at $0.3000.

The second scenario is the bears increasing their momentum at $0.1700 demand area. This would mean a breakdown in this area and a new demand area at $0.1500 would be the bears' next target.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research