Cardano [ADA] cools off into key range – Where can traders look for gains

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ADA’s four-hour chart was bullish. The bulls had minimal leverage as per long vs. short positions.  Cardano [ADA] rebounded strongly after hitting its recent low of $0.3020 on 12 March. It saw aggressive buying … Read more

Cardano [ADA] slides down descending channel: Can bulls defend $0.3790?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ADA cleared half of the gains made on the mid-February rally.  Weekly price volatility and open interest flashed weak signs of a pivot. Over the past few days, bears have remained in control of … Read more

Cardano [ADA] faces rejection at $0.41, how low can it go?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The H4 market structure flipped to favor sellers. A bullish order block to the south could see a reversal. Cardano [ADA] was unable to hold on to the gains it made in the latter … Read more

This may severely impact Cardano’s upward trajectory

Although a few candlewicks rose above the $3-mark, Cardano was yet to register a daily close above $2.96. In fact, the world’s third largest digital asset was now taking shape within a descending wedge and the same was expected to severely impact ADA’s upwards trajectory. Bearish signs settled on a few of its indicators and … Read more

Cardano Price Analysis: 21 May

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin‘s price has remained under extreme bearish pressure of late and this trend has been mirrored by the market’s altcoins. Cardano [ADA] is one such major altcoin that has been impacted significantly over the … Read more