Crypto Screener Forums Cardano (ADA) Forecast – Technical Analysis Cardano (ADA) Technical Analysis – May 2018 Reply To: Cardano (ADA) Technical Analysis – May 2018

#17723
MrHanna
MrHanna
Moderator

Cardano is looking lively, could be the WEISS news lighting the spark to a already explosive chain, lets take a look at the technicals.

adausd forecast 31 May 2018

Momentum is looking good, confirmed by the indicator as well as the MA. Notice the price action is trading well above previous resistance, creating higher lows. Nice little trend developing and should coast up to $0.24 before hitting some resistance.

Support zones – $0.18 – $0.20

Resistance zones – $0.24 – $0.26

Safer entry into the market would be after consolidation above current resistance.