YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

ADA/USD Is Attempting an Upward Pullback

October 15, 2022
in Blockchain
Reading Time: 5 mins read
A A
ADA/USD Is Attempting an Upward Pullback
ShareShareShareShareShare

You might also like

Ethereum’s Potential Surge: VanEck Predicts ETH Value to Reach $11.8k by 2030 Amid Booming Smart Contract Adoption

Ethereum’s Potential Surge: VanEck Predicts ETH Value to Reach $11.8k by 2030 Amid Booming Smart Contract Adoption

June 5, 2023
Binance Faces Scrutiny Over Switzerland-Based Sigma Chain in Latest SEC Filing

Binance Faces Scrutiny Over Switzerland-Based Sigma Chain in Latest SEC Filing

June 5, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

Following price action testing the Fibonacci support in the ADA/USD market, it appears as if price action is preparing to pull back to the upside. Furthermore, applied trading indicators are portraying activities that aligns with this opinion about this market.

ADA Analysis Statistics Data:
Cardano’s value now: $.3712
Cardano’s market cap: $12.65 billion
ADA’s moving supply: 34.28 billion
Total supply of ADA: 35.03 billion
Cardano’s Coinmarketcap ranking: #8

Due to this, we shall further examine this market to get a better understanding of price moves. Also, with the same approach and shall be analyzing the ADA/BTC market too. Most importantly, we’ll be coming up with usable trading decisions.

Important Value Levels:
Top Levels: $0.3732, $.3750, $0.3780
Bottom Levels: $0.3712, $0.3700, $0.3680

Cardano Price Prediction Today October 15, 2022: ADA/USD Showing Sings of Bullish Trend Reversal

On the ADA/USD daily market chart price action appears generally bearish. However technical indicators are already showing signs of a possible trend reversal. Since the past four sessions, price action has been pushing the lower band of the Bollinger indicator to the downside. Consequently, this has caused the Fibonacci level 100 to be tested in the previous trading session. Additionally, this has also resulted in the curves of the RSI indicator converging in the oversold region. At this point, market partakers can anticipate an upside correction in this market, as price action is ready to bounce off the lower band of the Bollinger indicator. Traders can go long or simply place a buy order at $0.3784, as the price may soon break this level to the upside. However, the later will keep them out should the downtrend continues.

Cardano Price Prediction Today, October 15, 2022: ADA/USD Is Attempting an Upward Pullback

Cardano Price Prediction Today October 15, 2022: Signs of Bullish Trend Reversal Continues in DOT/BTC

Even in the DOT/BTC market, there are signs that the price will most likely correct to the upside. Just like activities in the DOT/USD market, the lower band of the used Bollinger indicator has been significantly pushed. Subsequently, the fib level is 61.80 – which correlates with the price level of 0.00001970, was broken down. However, price candle may retreat above the broken level.

Buy Polkadot Now

Your capital is at risk.

Furthermore, the RSI curves have now converged in the oversold region. At this point, two market moves can occur. If the bears stay in control price action will push lower, as the RSI line drags in the oversold. Secondly, a bounce can occur from here, following the bullish crossover on the Stochastic RSI. Therefore traders can place a pending long order at the fib level 61.80. This will keep them out if the price continues to downtrend but will be triggered if the price pulls back. At the same time, traders already in this market might want to exercise some patience by holding on to see the pullback before going shot.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum Supply of 2 Bn, Token Burn
  • Now Listed on OKX, Bitmart, LBank, MEXC, Uniswap
  • Ultra Rare NFTs on OpenSea

Tamadoge logo


Join Our Telegram channel to stay up to date on breaking news coverage

Credit: Source link

Related Stories

Ethereum’s Potential Surge: VanEck Predicts ETH Value to Reach $11.8k by 2030 Amid Booming Smart Contract Adoption
Blockchain

Ethereum’s Potential Surge: VanEck Predicts ETH Value to Reach $11.8k by 2030 Amid Booming Smart Contract Adoption

June 5, 2023
Binance Faces Scrutiny Over Switzerland-Based Sigma Chain in Latest SEC Filing
Blockchain

Binance Faces Scrutiny Over Switzerland-Based Sigma Chain in Latest SEC Filing

June 5, 2023
JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg
Blockchain

JPMorgan Collaborates with Indian Banks to Launch Blockchain-Based Dollar Settlement System, Reported Bloomberg

June 5, 2023
All Nippon Airways Jumps into the NFT Space
Blockchain

All Nippon Airways Jumps into the NFT Space

June 5, 2023
Next Post
War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports – Bitcoin News

War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports – Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bybit Receives “In-Principle” Approval to Operate in Kazakhstan

Bybit Receives “In-Principle” Approval to Operate in Kazakhstan

May 30, 2023
Revolutionary Crowdfunding Platform For AI Startups, InQubeta lau…

Revolutionary Crowdfunding Platform For AI Startups, InQubeta lau…

May 31, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 25,638.00 5.23%
    • ethereumEthereum (ETH) $ 1,805.55 4.15%
    • tetherTether (USDT) $ 0.999957 0%
    • bnbBNB (BNB) $ 277.06 8.78%
    • usd-coinUSD Coin (USDC) $ 0.999499 0.09%
    • xrpXRP (XRP) $ 0.505462 5.53%
    • staked-etherLido Staked Ether (STETH) $ 1,805.33 4.17%
    • cardanoCardano (ADA) $ 0.348259 7.8%
    • dogecoinDogecoin (DOGE) $ 0.066261 8.28%
    • solanaSolana (SOL) $ 19.81 9.52%
    • matic-networkPolygon (MATIC) $ 0.827280 7.21%
    • tronTRON (TRX) $ 0.078543 3.7%
    • litecoinLitecoin (LTC) $ 87.06 6.92%
    • polkadotPolkadot (DOT) $ 5.04 5.08%
    • binance-usdBinance USD (BUSD) $ 0.999029 0.16%
    • avalanche-2Avalanche (AVAX) $ 13.85 6.71%
    • shiba-inuShiba Inu (SHIB) $ 0.000008 7.09%
    • daiDai (DAI) $ 0.999982 0.02%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 25,723.00 4.99%
    • uniswapUniswap (UNI) $ 4.70 6.19%
    • leo-tokenLEO Token (LEO) $ 3.55 2.01%
    • chainlinkChainlink (LINK) $ 6.01 6.51%
    • cosmosCosmos Hub (ATOM) $ 9.95 7.8%
    • okbOKB (OKB) $ 44.23 3.31%
    • moneroMonero (XMR) $ 138.90 6.13%
    • the-open-networkToncoin (TON) $ 1.66 4.71%
    • ethereum-classicEthereum Classic (ETC) $ 17.02 6.17%
    • stellarStellar (XLM) $ 0.087922 3.96%
    • bitcoin-cashBitcoin Cash (BCH) $ 108.87 5.57%
    • true-usdTrueUSD (TUSD) $ 0.999442 0.14%
    • lido-daoLido DAO (LDO) $ 2.18 4.41%
    • internet-computerInternet Computer (ICP) $ 4.30 9.69%
    • filecoinFilecoin (FIL) $ 4.19 9.41%
    • quant-networkQuant (QNT) $ 113.27 2.29%
    • aptosAptos (APT) $ 7.98 11.06%
    • hedera-hashgraphHedera (HBAR) $ 0.048438 4.03%
    • crypto-com-chainCronos (CRO) $ 0.058404 3.75%
    • arbitrumArbitrum (ARB) $ 1.13 4.81%
    • nearNEAR Protocol (NEAR) $ 1.49 7.92%
    • vechainVeChain (VET) $ 0.018241 7.47%
    • apecoinApeCoin (APE) $ 2.86 13.04%
    • the-graphThe Graph (GRT) $ 0.114333 8.87%
    • paxos-standardPax Dollar (USDP) $ 0.999486 0%
    • fraxFrax (FRAX) $ 0.999079 0.01%
    • algorandAlgorand (ALGO) $ 0.136826 9.97%
    • the-sandboxThe Sandbox (SAND) $ 0.515929 13.38%
    • eosEOS (EOS) $ 0.837952 8.83%
    • elrond-erd-2MultiversX (EGLD) $ 36.13 3.75%
    • rocket-poolRocket Pool (RPL) $ 47.05 4.73%
    • optimismOptimism (OP) $ 1.37 7.66%