Cardano $ADA Price Outlook: Bearish
|$ADA Price Change|
The Cardano three day trend is down. Looking at one day candles the last three daily candles are red, and each candle descends lower than its predecessor.
[Trend is "down" when the three day price movement is predominantly downwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
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Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is bearish. There are fifteen consecutive sessions each four hours where the MACD state is bearish.
Exponential Moving Averages (EMA)
Near midnight on Christmas Day December 25 the short term EMA(7) made a bear crossover of the medium term EMA(25). The indicator is moving lower and currently is pointed down. This is a bearish state.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 40.9. This is a neutral state.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is -1.71%. This may exert a bearish influence on Cardano today.
Cardano $ADA Price Outlook
- the Cardano $ADA price outlook is bearish
- if the price finds acceptance at higher levels the major resistance prints at .042
- if the price finds acceptance at lower levels the major support prints at .027
Analysis Duration: six hours
This report is for a short term duration of six hours. Analysis is time sensitive.
The author does not hold Cardano $ADA at the time of writing.
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