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ADAUSD trade ideas

ADA Price Persisting On The Rising Channel Pattern The technical chart of Cardano reflects on the strong positive bounceback made by the price levels after testing the critical support line of 0.618fib level. With the help of positive sentiments emerging in the overall market conditions from the past couple of trading sessions, the price levels were able to have a positive breakout above the resistance line placed at 0.236fib level. It also indicates that the levels have now again entered critical resistance area and one can expect some volatility from the digital asset. The relative strength index (RSI) have retraced back after multiple testing of the overbought line but were unable to have a positive breakout. The current level stands at 55.40. The moving average convergence & divergecne (MACD) have consolidated for the day after climbing above the histogram line. The directional movement index (DMI) is showcasing positive nature as +DI remains above -DI and ADX, respectively.
BITFINEX:ADAUSDLong
by tcr_thecoinrepublic
Price Levels Forming Rising Channel Indicating Ideal Entry PointThe technical chart of ADA highlights the gradual positive momentum built by the price levels which is followed by significant retracement after reaching the critical resistance zone of $0.35. The retracement ended up after the price levels touched the critical support area of $0.20 on the downside which helped to revive the positive momentum forming a rising channel pattern. A positive breakout above the 0.236fib level can surely be a bullish indication for the upcoming trading sessions. The relative strength index (RSI) is also showcasing positive nature while standing at 59.86 and looking for a positive breakout to the overbought region. The moving average convergence & divergence (MACD) also formed a bullish crossover and the levels looked for a positive breakout above the histogram line. The commodity channel index (CCI) was also able to sustain in the overbought region reflecting on the positive sentiment for the crypto asset while standing at 98.02. Resistance Level: $0.35 Support Level: $0.25 & $0.20
BITFINEX:ADAUSDLong
by tcr_thecoinrepublic
Cardano Breaks Out Of Crucial Pattern And Will Target 20% Up The weekly technical chart of Cardano highlights a positive trend built by the coin. A sudden spike in price movements can be seen from Jan 3. A bullish Pennant pattern is formed on Tuesday's trading session. ADA successfully broke out of that pattern for an up move with the resistance zones placed at R1 $0.1881, R2 $0.19716, R3 $0.2115 and the following support zone of $0.1608. The Supertrend indicator indicates a buying signal on Jan 3. Until now, the trend remains Bullish. The Moving Average Convergence Divergence (MACD) is very close to the signal line indicating a buying signal can be formed soon in the coin. The histogram will also start to form green bars after the crossover. Meanwhile, the Relative Strength Index (RSI) with a value of 65 indicates that the coin is in an uptrend and should move soon to the overbought zone.
BITTREX:ADAUSDLong
by tcr_thecoinrepublic