您的当前位置:首页 > Comprehensive > 【cahaba at grandview】Cardano’s ADA Technical Analysis – Support Levels in Play – 01/01/19 正文
时间:2024-09-29 12:24:58 来源:网络整理 编辑:Comprehensive
Key HighlightsCardano’s ADA slid by 5.78% on Monday, reversing a 4.10% gain from Sunday, to end the cahaba at grandview
Key Highlights
Cardano’s ADA slid by 5.78% on Monday,–SupportLevelsinPlay–cahaba at grandview reversing a 4.10% gain from Sunday, to end the day at $0.041944.
A start of a day intraday high $0.044919 saw Cardano’s ADA fall well short of the day’s first major resistance level at $0.0458.
Bearish through the day, Cardano’s ADA slid through the first major support level at $0.0422 to an intraday low $0.041104.
The extended bearish trend remained intact, with Cardano’s ADA continuing to fall well short of the 23.6% FIB Retracement Level of $0.1125.
How to Buy Cardano’s ADA
Cardano’s ADA Price Resistance
Cardano’s ADA fell by 5.78% on Monday, reversing Sunday’s 4.1% gain, to end the day at $0.041944.
A bullish start to the day saw Cardano’s ADA rise to an intraday high $0.044919 before succumbing to pressure from the broader market, the day’s high coming up short of the first major resistance level at $0.0458.
Tracking the broader market Cardano’s ADA slid through the first major support level at $0.0422 to an intraday low $0.041104, Cardano’s ADA managing to steer clear of sub-$0.04 levels and the second major support level at $0.0399 on the day.
The extended bearish trend formed at early May’s swing hi $0.38845, remained intact in spite of last week’s 52.6% rally, with Cardano’s ADA continuing to fall well short of the 23.6% FIB Retracement Level of $0.1125 following 7
th
December’s new swing lo $0.02724.
At the time of writing, Cardano’s ADA was down 0.23% to $0.041846, moves through the early morning seeing Cardano’s ADA recover from an early morning low $0.041074 to strike a morning high $0.042270 before easing back to $0.041 levels, the day’s major support and resistance levels left untested early on.
For the day ahead, a move back through the morning high to $0.043 levels would support a run at $0.044 levels to bring the first major resistance level at $0.0442 into play before any pullback, Monday’s 0.044919 high likely to pin Cardano’s ADA back from a breakout to $0.046 levels and the day’s second major resistance level at $0.0465.
Failure to move back through the morning high could see Cardano’s ADA take a bigger hit later in the day, with a pullback through the morning low $0.041074 bringing the first major support level at $0.0404 into play before any recovery, sentiment across the broader market needing to materially deteriorate for Cardano’s ADA to call on sub-$0.04 support levels later in the day.
Story continues
{ alt}
Looking at the Technical Indicators
Major Support Level: $0.0404
Major Resistance Level: $0.0442
Fib 23.6% Retracement Level: $0.1125
Fib 38% Retracement Level: $0.1652
Fib 62% Retracement Level: $0.2505
This
article
was originally posted on FX Empire
More From FXEMPIRE:
2018 – 5 Most Influential People of the Year
What is Expected in the Forex Market in 2019?
USD/JPY Forex Technical Analysis – Heading into Major Support Zone at 109.360 to 109.179
Crude Oil Price Forecast – crude oil soft on New Year’s Eve
Crude Oil Price Update – Holding Pivot at $44.68 Will Indicate Presence of Buyers
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 01/01/19
View comments
How Bassett (BSET) Stock Stands Out in a Strong Industry2024-09-29 12:15
Billboard Latin Music Conference: On the ‘Magic’ of the Zumba Fitness Craze, Its Connection to Superstars Like Don Omar2024-09-29 12:12
Is Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?2024-09-29 12:00
What does Powerlong Real Estate Holdings Limited’s (HKG:1238) Balance Sheet Tell Us About Its Future?2024-09-29 11:18
Our Take On Avery Dennison's (NYSE:AVY) CEO Salary2024-09-29 11:09
How Did Ethereum Take Over Ripple With 80% Gain in One Month?2024-09-29 10:56
The Crypto Daily – Movers and Shakers – 01/01/202024-09-29 10:53
Airdrop Mania Sees Latest Airdrop Rug Pull on Buyers Through Smart Contract Exploit2024-09-29 10:34
GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues2024-09-29 09:40
Could This Chipmaker Be the Next Xilinx?2024-09-29 09:38
Oprah tour driving Weight Watchers memberships2024-09-29 12:03
The 50-State Cybersecurity Class Action Is Here to Stay. How to Defend Against It!2024-09-29 11:45
M.G.A Garage Door Repair Dallas TX Launched Complete Garage Door Installation Solutions2024-09-29 11:27
Should You Be Worried About Insider Transactions At Canopy Growth Corporation (TSE:WEED)?2024-09-29 11:04
Waste Management (WM) Beats Q3 Earnings & Revenue Estimates2024-09-29 10:01
How Ford Will Cut Its Losses in China2024-09-29 09:57
Japan April final manufacturing PMI falls to 49.9 on soft domestic, export orders2024-09-29 09:52
Intrinsic Calculation For Genmab A/S (CPH:GEN) Shows Investors Are Overpaying2024-09-29 09:48
Helius Medical Technologies, Inc. to Present at Upcoming Investor Conferences in November2024-09-29 09:44
January jobs report — What to know in markets Friday2024-09-29 09:42