Cardano (ADA) Price Analysis – February 21

  • The price of Cardano is trading at $0.044 after being resisted at a price of $0.048.
  • The crypto's price had been range bound between the levels of $0.035 and $0.055 since November 26, 2018.

Cardano, ADAUSDCardano Chart By Trading View

ADAUSD Medium-term Trend: Bearish

  • Resistance levels: $0.080, $0.090, $0.100
  • Support levels: $0.040, $0.030, $0.020 

The price of Cardano had been in a range bound movement since November 26. The crypto's price is range bound between the levels of $0.035 and $0.055. On November 26, 2018, the lower price level was formed when the bears fell to the low of $0.035. On January 10, the upper price level was formed when the bulls were resisted at the $0.055 price level.

Since December 20, neither the bulls nor the bears were able to break out of this price range. A trader can trade the range bound movement until when the bulls have a price breakout or when the bears have a price break down. On February 17, the bulls broke above the 12-day EMA, the 26-day EMA  to reach the upper price range.

If the bulls break above the upper price level, traders should initiate long orders. On the other hand, if the bulls fail to break the upper price level, traders should initiate short orders. If the bulls were resisted, it is likely the crypto would resume its range bound movement. Meanwhile, the stochastic is in the overbought region and above the 80% range. This indicates that the price of Cardano is in a strong bullish momentum and a buy signal.                                                                                                         

ADAUSD Short-term Trend: Bullish      

Cardano, ADAUSDCardano Chart By Trading View

On the 4-hour chart, the crypto's price is in a bullish trend. The bulls broke the 12-day EMA, the 26-day EMA and reached a high of $0.048. The crypto's price faces resistance at the $0.048 price level. The price of Cardano was resisted and it fell to a low of $0.045. If the bears complete the breaking of the EMAs, the crypto will fall to the bearish trend zone.

Meanwhile, the stochastic is out of the overbought region but below the 60% range. This indicates that the price of Cardano is in a bearish momentum and a sell signal.                                                                                                                                                                                                                                                                                                                                                                                                

  The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own

XRP Trading Now Available to Customers of Huobi Marketplace in USA and China

On Thursday (April 18), Huobi Marketplace (formerly known as "HBUS"), the cryptoasset exchange operated by San Francisco-based company HBUS Holdco, Inc. ("HBUS"), the exclusive U.S. partner of Singapore-based Huobi Global Limited (“Huobi Global”), announced that XRP trading had become available on

The Huobi Marketplace originally went live under the "HBUS" brand on 10 July 2018. Initially, trading was only available in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Civic (CVC), Dash (DASH), and TrueUSD (TUSD). By 29 November 2018, 12 cryptoassets and 35 trading pairs were supported. 

Then, on January 11, HBUS published a blog post in which the company's CEO, Frank Fu, said that HBUS had "obtained exclusive rights to use the Huobi brand in the U.S." and changed the name of its marketplace (i.e. crypto trading platform) from HBUS to Huobi. HBUS also said that it had migrated "from its previous website ( to the new domain at"

In a press release issued on the same day, which was also posted to its blog, HBUS explained that it would continue to be "the company operating the U.S. trading platform," while Huobi Global, Huobi Group’s flagship digital asset exchange, would continue "to operate under its own name at"

Here is how HBUS explained the advantages of this strategic partnership with Huobi Global:

"The exclusive licensing agreement and partnership gives HBUS a reputable brand to provide U.S. traders with localized trading experience. A closer relationship also means more technological support from Huobi Global for HBUS, which will provide advanced stability and security features."

Thursday's announcement by Huobi Marketplace informed customers that in order to provide them with "carefully vetted and high-quality trading options," it was adding support for XRP:

"Starting now, you can deposit XRP on the Huobi Marketplace, and the estimated opening time for XRP trading and withdrawals will be April 19th, 2019 at 12:00AM PST. Supported XRP trading pairs include XRP/USD, XRP/BTC and XRP/USDT."


Featured Image Courtesy of HBUS