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.                                                                                                                                                                                                                                                                                                                                                                                                                   

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

Crypto Market Update: Focus on BTC, ETH, BCH, BNB, XMR, and DASH

Siamak Masnavi

This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Binance Coin (BNB), Monero (XMR), and Dash (DASH)—over the past 24-hour period.

Overall, September 17th is proving to be a bit of a mixed day, with 12 of the top 20 cryptocurrencies (by market cap) in the red at press time (around 06:25 UTC).

BTC-USD

BTC-USD 24 Hour Chart - 17 Sep 2019.png

The bad news is that are still waiting for the launch of Bakkt's physically-delivered daily and monthly Bitcoin futures contracts. So, Bitcoin is still trading mostly sideways, hovering around the $10,300 mark. The good news is that the launch is expected to take place in less than one week (i.e. on September 23), as was confirmed by this tweet that Bakkt sent out on September 16:

ETH-USD

ETH-USD 24 Hour Chart - 17 Sep 2019.png

The Ether (ETH) price continues its upward movement toward the $200 mark, up another 2.24% in the past 24-hour period (making it up 4.32% in the past 7-day period). What may have helped the Bitcoin price yesterday (September 16) is the announcement by crypto payment processor BitPay that in the near future it will be possible for its customers to accept Ether payments for purchases of goods and services. Also, the BitPay wallet will support Ether.

Ethereum co-founder Vitalik Buterin had this to say about the news:

"It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.

BCH-USD

BCH-USD 24 Hour Chart - 17 Sep 2019.png

On Monday (September 16), Bitcoin.com announced that it had entered into a strategic partnership with Taiwanese smartphone manufacturer HTC, as a result of which the Bitcoin.com wallet will come preinstalled on HTC's current and upcoming blockchain phones (Exodus 1 and Exodus 1s):

BNB-USD

BNB-USD 24 Hour Chart - 17 Sep 2019.png

Although BNB is currently in the red, this may change during the next several hours once all of the six mini announcements that Binance plans to make today have come out:

The first of the six announcements that Binance CEO Changpeng Zhao (aka "CZ") referred to is the addition of support for Cosmos (ATOM) to Binance's Margin Trading platform:

XMD-USD

XMR-USD 24 Hour Chart - 17 Sep 2019.png

OKEx Korea announced on Monday (September 16) that it intends to delist all five privacy coins it is currently supporting, i.e. XMR, DASH, ZEC, ZEN, and SBTC, due to concerns that these cryptocurrencies do not allow it to implement FATF's so-called "travel rule". 10 October 2019 is the date on which transaction (i.e. trading) support ends.

DASH-USD

DASH-USD 24 Hour Chart - 17 Sep 2019.png

Since OKEx Korea's delisting announcement mentioned DASH, you would expect it to be down today, just like XMR. However, it is not, and that is very likely due to the fact that today (September 17) is the day that trading in DASH is expected to start on Coinbase Pro on/after 09:00 PST (16:00 UTC) provided that there is sufficient liquidity.

Featured Image Court: Photo via Pixabay.com