Cardano ADA/USD is trading at 0.28. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Cardano. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.27 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.34.
Cardano forecast & analysis ADA/USD April 21, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a weak signal was received for buy of the Cardano, due to the crossing of the signal lines at the level of 0.15.
The cancellation of the variant of the growth of the quotations of Cardano will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.21, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ADA/USD is with a breakdown of the resistance area and closing above the level of 0.30.
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