December 27 2018 04:46 UTC



Cardano has lost -6.11% or -0.00256 USDT in twenty-four hours. In this Thursday Edition find $ADA price action, trend, technicals and more. Or jump right to the Cardano $ADA Price Outlook.


-



Price Action



The price of $ADA has fallen over twenty-four hours. The last price at press time is .03931 USDT. In Binance light to moderate volume trading the daily change is -6.11%, or -0.00256 USDT:

























$ADA Price Change
period%USDT
24 hours-6.11-0.00256
7 days16.680.00562
1 month7.550.00276

Trend


trend is DOWN



The Cardano three day trend is down. Looking at one day candles the last three daily candles are red, and each candle descends lower than its predecessor.




[Trend is -quot;down-quot; when the three day price movement is predominantly downwards.]



Real Time Market Depth



The real time market depth is slightly bullish.


-




[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]



Chart


Tap / click to zoom:





ada-usdt-binance-four-hour-candles-2018-12-26



-



Remarks



After enjoying a nine day Christmas rally $ADA fell lower with the ensuing December 24 2018 selloff. Since then its been somewhat sideways, with price fluctuating between a high of .04268 and a low of .03811. The latter is also the 24 hour low. The low of December 24 was .03893 which results in a net two day price swing of just $00.00082 cents.


-



Technicals


Moving Average Convergence Divergence (MACD)


The MACD on the four hour chart is bearish. There are fifteen consecutive sessions each four hours where the MACD state is bearish.



[MACD is a trend-following momentum indicator]


-



Exponential Moving Averages (EMA)



















periodaverage
7 day.03993
25 day.04075
99 day.03789

Near midnight on Christmas Day December 25 the short term EMA(7) made a bear crossover of the medium term EMA(25). The indicator is moving lower and currently is pointed down. This is a bearish state.



[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]


-



Relative Strength Index (RSI)


The Relative Strength Index on the one hour chart is 40.9. This is a neutral state.




[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]


-



Bitcoin $BTC Price Modifier


The 24 hour Bitcoin $BTC change is -1.71%. This may exert a bearish influence on Cardano today.



[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]


-



Cardano $ADA Price Outlook



bearish


  • the Cardano $ADA price outlook is bearish

  • if the price finds acceptance at higher levels the major resistance prints at .042

  • if the price finds acceptance at lower levels the major support prints at .027



Resistance levels: .042 .044 .049



Support levels: .027 .038 .039



-





Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis duration.



-




Analysis Duration: six hours


This report is for a short term duration of six hours. Analysis is time sensitive.



[Analysis duration is the “best before date”, calculated from report generation at December 27 2018 04:46 UTC.]


-





Disclosure


The author does not hold Cardano $ADA at the time of writing.


About @KittyBitcoin



KittyBitcoin logo


@KittyBitcoin has provided timely and informative blockchain intelligence since 2014. Request your custom content today, browse @KittyBitcoin on Twitter-reg; or visit the KittyBitcoin.com website.


Feed

This KittyBitcoin feed is moving January 01 2019. Use the new feed URL page at: http://kittybitcoin.com/docs/feeds.php


Copyright

KittyBitcoin media is licensed not sold. Copyright-copy;KittyBitcoin.com 2018. All rights reserved.




Thanks for reading 🙂



Full article