Cardano $ADA Forecast: Weekend Edition: Cautiously Bullish
October 27 2018 18:51 UTC
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Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (0) Sell (8)"
Cardano $ADA Forecast
on Saturday October 27 2018 18:51 UTC
The crypto pundits say: “bullish/bearish/bearish/”.
@NewsBTc sets a neutral tone on their bullish view. It’s a matter of degree, and the bullish perspective is conditional on further gains.
The view from @coinspeaker is somewhat dated. What it lacks in timeliness (for this report) it makes up for in detailed and insightful reporting. Of note is the author’s interesting use of supply and demand zones in honing a clear perspective. Definitely worth a read. The views reflected here are long-term, while the full coverage also offers a Medium Term outlook.
@KittyBitcoin: Cautiously Bullish
Looking at the Binance one day chart $ADA has seen the last five trading days all in the red and in a downtrend. The volume has also been shrinking over the same period. The six hour MACD (default) shows an extended period of nominal selling pressure. The six hour RSI is 35 and pointing south, indicating an oversold state in a falling market.
On September 11 price bottomed at $0.06089 while the highest resistance on the same one day chart (Original, Binance) September 22 was $0.09390. Over the last four days $ADA has found support at $0.073.
In a multi-day outlook the leading view of Dalmas Ngetich is shared: cautiously bullish. In a micro hourly view we see nominal downwards movement with a bottom close to where we are now. Daily there may be a 0.001 upwards cyclic deviation which could be realized within 24 hours, but its tenuous.
All this could change with a large bitcoin price change:
24 Hours of #Bitcoin
0.19% price $6,486.29
17.34M #XBT 19:49
Yesterday’s Call & Today’s Report Card
Litecoin $LTC Forecast: Bearish
24 Hour History: $LTC Last Price $52.17 24h Change -0.69 -1.31%
[legal disclaimer] Just one news report can invalidate a technical analysis.
The author does not hold Cardano $ADA at the time of writing.
KittyBitcoin’s unique ADA $ADA Forecast brings you time-saving & illustrated views. This is balanced with multiple cryptocurrency experts. The links to "Full coverage" let you easily obtain 100% of the analytical depth.
This report was generated on Saturday October 27 2018 18:51 hours UTC.
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