CoinGape

ADAUSD price analysis: moving higher

KRAKEN:ADAUSD   ADA / USD
Cardano provided a stable level of support currently as it approaches resistance
Also it is building a bull flag between the 0.072 and 0.09 level which can break upside

Cardano had shown good volatility in the past with a run to the 0.09 level, this can continue when there does not come any bearish reversal which will invalidate the bullish rise.

Currently, we see lower volatility which can add to the bullish continuations signal when the volatility builds up again the next times.

The EMA structure is highly bullish as we trading above the 200 and 100 day-EMAS and these EMAs built a bullish cross.

At all we have a good chance to continue upside when ADA makes a new high with following highs as its still in the uptrend

Trend: Upside

Daily High: 0.0895

Daily Low: 0.085403

Open: 0.088810

Close: 0.085671

Comments

She keeps teasing me with that 0.10 level...lol...but she'll get there indeed
+2 Reply
gazbroon Tempestblack
@Tempestblack, there is a lot of previous resistance around the 0.10 - 0.11 from Apr - July 2019. There might be a few rejections in the initial run up.
+3 Reply
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