Cardano (ADA) Price Analysis – March 14

  • The crypto's price reached a high of $0.048  and was resisted.
  • The crypto will fall to the low of $ 0.042 if price continues its fall below the EMAs,
  • If the bulls sustain the price above the EMAs and the crypto has more buyers at the upper price level; the crypto's price will revisit the highs of $0.048  and $ 0.050.

Cardano, ADAUSDCardano Chart By TradingView

ADAUSD Medium-term Trend: Bullish

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

The ADAUSD pair was in a bullish trend. On March 9, the bulls broke the 12-day EMA and the 26-day EMA as the crypto's price reached the bullish trend zone. The crypto's price reached a high of $0.048 and was resisted. The crypto's price fell to the support of the 26-day EMA and at the price of $0.046.

The price of Cardano is above the EMAs which indicates that the price is likely to rise. On the upside, if the bulls sustain the price above the EMAs and the crypto has more buyers at the upper price level; the crypto's price will rise and revisit the highs of $0.048  and $0.050.

On the downside, if price continues its fall below the EMAs, the crypto will depreciate to the low of $ 0.042. Meanwhile, the stochastic is in the overbought region but below the 80% range. This indicates that the price of Cardano is in a bearish momentum and a sell signal.

 ADAUSD Short-term Trend: Bearish  

Cardano, ADAUSDCardano Chart By TradingView

On the 4-hour chart, the crypto's price is in a bearish trend. The crypto's price is testing the horizontal line which is equivalent to the $0.048 resistance level. The bears have broken below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

On the downside, the bulls may likely defend the  $0.042 support level which the bears may find difficult to break. Meanwhile, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Cardano is in a strong bearish momentum and a sell signal.                                                                                                                                                                                                                                                                                                                                                                                                                   

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Binance US Says It Will List NANO, Price Surges

Binance.US, Binance's trading platform for customers based in the U.S., announced on Thursday (November 14) that it is going to add support for one more cryptoasset: NANO.

Binance.US, which was launched in September 2019, is a digital asset exchange that is "powered by matching engine and wallet technologies" licensed from Binance but is operated by San Francisco-based BAM Trading Services.

Other cryptoassets that Binance.US has listed in the past few weeks include:

  • November 14: Qtum (QTUM)
  • November 7: VeChain (VET)
  • October 29: Waves (WAVES)
  • October 24: Dogecoin (DOGE)
  • October 22: BUSD and IOTA
  • October 17: Algorand (ALGO) and Zcash (ZEC)
  • October 15: Dash (DASH)
  • October 10: Chainlink (LINK) and Ravencoin (RVN)

The new trading pair—NAN/USD—is set to go live at 21:00 EST on 21 November 2019 (or 02:00 UTC on 22 November 2019).  Only once trading in this pair has gone live will withdrawals be possible.

This latest addition means that by tomorrow Binance.US will have the following trading pairs on offer:

  • BTC Pairs: ETH/BTC, XRP/BTC, BNB/BTC, LTC/BTC, BCH/BTC, and BTC/BUS.
  • USD Pairs: BTC/USD, ETH/USD, XRP/USD, BCH/USD, LTC/USD, BNB/USD, USDT/USD, ADA/USD, BAT/USD, ETC/USD, XLM/USD, ZRX/USD, LINK/USD, RVN/USD, DASH/USD, ALGO/USD, ZEC/USD, BUSD/USD, IOTA/USD, DOGE/USD, WAVES/USD, NEO/USD, ATOM/USD, QTUM/USD, and NANO/USD.
  • USDT Pairs: BTC/USDT, ETH/USDT, XRP/USDT, BCH/USDT, LTC/USDT, BNB/USDT, ADA/USDT, BAT/USDT, ETC/USDT, XLM/USDT, ZRX/USDT, NEO/USDT, ATOM/USDT, VET/USDT, and QTUM/USDT.

This news seems to have helped the price of NANO. According to CryptoCompare, at the time of writing, NANO is trading at $0.9048, up lmost 5% in the past 24-hour period:

NANO- 24 HOUR CC CHART - 20 NOV 2019.png

 

Featured Image Credit: Photo via Pixabay.com