Cardano ADA/USD is trading at the level of 0.29. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.28, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with the target close to 0.38.
Cardano forecast & analysis ADA/USD on April 28, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for sell of the Cardano cryptocurrency, due to the crossing of the signal lines at the level of 0.29.
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 0.25, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ADA/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.32.
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