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Cardano $ADA Forecast: Weekend Edition: Cautiously Bullish

October 27 2018 18:51 UTC

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This edition features popular Cardano $ADA price views from @NewsBTC @investingcom & @coinspeaker. Or jump right to today’s Cardano $ADA Forecast.

@NewsBTC

View: bullish

bullish

Dalmas Ngetich of @NewsBTC contemplates " as long as prices are contained between Oct 15 lows and the minor resistance trend line, then we remain bullish but holding off trading until there is expansion above 9.5 cents."
Published: October 27, 2018 | 2:15 am

@investingcom

View: bearish

bearish

Automated Signal of @investingcom prints "ADA/BTC Bittrex Technical Analysis > Daily
Summary:Strong Sell
Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (0) Sell (8)"
Published: October 27 14:22:18 – Real-time Data

@coinspeaker

View: bearish

bearish

Azeez Mustapha of @coinspeaker notes "The continuation of uptrend movement was rejected by the bears’ strong momentum and the price was pushed to the demand zone of $0.075 [and] The price is below 21-day EMA and the 50-day EMA which indicates that the price is falling.RSI is above 40-level pointing towards the south indicates that there are possibilities for further downward movement."
Published: Friday, October 26th, 2018 2:40pm UTC

Cardano $ADA Forecast

on Saturday October 27 2018 18:51 UTC

bullishbearishbearish

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:

Bitcoin
24 Hours of #Bitcoin
0.19% price $6,486.29
vol $3,160,559,699
mktcap $112,503,502,972
17.34M #XBT 19:49

http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

Yesterday’s Call & Today’s Report Card
Call
Litecoin $LTC Forecast: Bearish
Report Card
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.

Disclosure

The author does not hold Cardano $ADA at the time of writing.

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