Cardano ADA/USD is trading at the level of 0.15. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Cardano. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.16 level, from which we 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 9, 2018
An additional signal in favor of the fall of the cryptocurrency will be the formation of the reversal model «Head and Shoulders». 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.
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 0.17, which indicates the change of the flat 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 0.14.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
