Cardano ADA/USD is trading at 0.0854. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the Cardano forecast & analysis ADA/USD October 10, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.0820, where a rebound can be expected and an attempt to continue the growth of cryptocurrency with a potential target near the level of 0.0970.
Cardano forecast & analysis ADA/USD October 10, 2018
An additional signal in favor of the growth of the ADA/USD cryptocurrency will be a rebound from the support level, as well as a test of the upper limit of the «Triangle» model. Earlier, a medium strength signal was received for buy of Cardano cryptocurrency, due to the crossing of signal lines at the level of 0.0840.
Cancellation of the growth option of Cardano quotes will be the fall and breakdown of the lower border of Ichimoku Kinko Hyo Cloud with the closing of quotations below the 0.0800 area, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. ADA/USD is expected to accelerate the growth of quotations with the breakdown of the resistance area and closing above the level of 0.0900.
Cardano forecast & analysis ADA/USD October 10, 2018 suggests an attempt to reduce cryptocurrency and test level 0.0820, from which we can expect continued growth of the Cardano rate with a potential target near the level of 0.0970, the fall will cancel the growth option and breakdown of the area 0.0800, in this case It should be expected to continue to decline.