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.
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|
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.]
Tap / click to zoom:
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.
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)
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
- 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.]
The author does not hold Cardano $ADA at the time of writing.
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