Cardano ADA/USD is trading at the level of 0.17. 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 0.17 level, from which we should expect a rebound and an attempt to continue growth with the target close to 0.26.
Cardano forecast & analysis ADA/USD on March 26, 2018
An additional signal in favor of the growth of the cryptocurrency is the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for sell of the Cardano cryptocurrency, due to crossing of the signal lines at the level of 0.19.
The cancellation of the variant of the growth of the quotations of Cardano will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.16, which will indicate a change in 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 level and closing above the area of 0.22.
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