ADAUSD - Bullish

23 gru 2018

Resistance levels: $0.080, $0.090, $0.100
Support levels: $0.030, $0.020, $0.010
The price of Cardano is now in a bullish trend; as the crypto's price broke the 12-day EMA and the 26-day EMA. Yesterday, December 19, the price of Cardano made a pullback after it was resisted at the $0.035 price level. The crypto's price is expected at the $0.045 price level but it may face resistance at the $0.040 and $0.044 price levels.

If the price fails to break the resistance level at $0.040, the crypto will find support at the $0.030 price level. However, if the bears break the $0.030 price level, the crypto will resume its downtrend. The Stochastic indicator is out of the oversold region and it is approaching the range above 40%. This indicates that the price of Cardano has a bullish momentum and a buy signal.