To quantify, ADA is down eight percent and this means sellers have since reversed all of April gains. At current prices, bears are one cent away from 12 cents, a key support line marking the last three months support.
Looking at the Technical Indicators
Major Support Level: $0.1971
Major Resistance Level: $0.2177
Fib 23.6% Retracement Level: $0.2222
Fib 38% Retracement Level: $0.2539
Fib 62% Retracement Level: $0.3051
The relative strength index is breaking out from the oversold territories, though, so buyers could be ready to push back the value of the coin. The near-term downward trendline connecting the recent highs of this month is also in line with the mid-channel interest area to add to its strength as resistance. A decline below the bottom channel at 0.1200 could result in a precipitous drop.
This is not investment advice" disclaimer I use when posting about investments.
Thanks for sharing about ADA cryptocurrency..
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This is one of the favorite coin of mine. It always give too much profit.
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best for me,it have lot of project under it and if its complete all price will booommmm.
ETH OF JAPAN
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I love cardano. Wiaitng for it to come back though.
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Soon cardano price will boom. I like this coin. Soon it bull run will start. What do u think @mnidkyfc ?
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nice coin r u interested in this coin ?
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Have you invested in cardano? It seems you have good knowledge in crypto currency? Do you daily study on those coins?
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good coin
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https://steemit.com/mgsc/@abhishekkashyap/about-me-a-middle-class-boy-student-engineer-employee-lover-part-1 please check out my post just upvoted you
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if we break the up line we see the trend to be bullish
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now a day news {FUD} are powerfull than analysis
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good technical analysis brother.
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I m holding ada for long term m not selling my ada for small profits
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@mnidkyfc at the end of 2018 how much price pridict about ADA coin
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