Cardano forecast & analysis ADA/USD April 6, 2018


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Cardano ADA/USD is trading at the level of 0.14. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Cardano. Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.15 level, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target close to 0.11.

Cardano forecast & analysis ADA/USD April 6, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the lower border of the channel. Earlier, a weak signal was received for buy of the Cardano cryptocurrency, due to the crossing of the signal lines at the level of 0.14.

Cardano forecast & analysis ADA/USD April 6, 2018

Cancellation of the variant of the fall of the quotations of Cardano will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of ​​0.16, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ADA/USD stands with the breakdown of the support area and closing below the area of ​​0.13.

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