Cardano: Course increase in sight? Analysis shows bullish signals and potential to break out

Veröffentlicht:

Von:

Cardano (ADA) has experienced a bullish comeback in the past few weeks and could now reach another stage. The Preischhart shows an ascending triangle pattern that indicates that ADA could break the resistance area between the 50-day sliding average (EMA) of around 0.3 USD and the 0.382 Fibonacci level of around $ 0.3126. In this case, the ADA course could rise to the golden ratio resistance of around $ 0.37.

The technical indicators indicate a possible bullish trend. The histogram of Moving Average Convergence Divergence (MACD) has developed bullish again after it was Bärisch for a few days. The MACD line cross also shows a bullish trend, while the Relative Strength Index (RSI) remains neutral. However, the EMAs are still in a death cross-type, which indicates a brief to medium-term bear trend.

In the 4-hour chart, a death cross of the EMAS can also be observed, but a golden crossover could form in the near future, which would indicate a short-term bullish trend. The histogram of the MacD also rises bullish and the MacD lines are over-crossed, while the RSI is in the neutral area. If the ADA course corrects downwards, the next significant Fibonacci supports are around $ 0.2725 and $ 0.25

In the weekly chart there is indications of a continuation of Ada's upward trend. The histogram of the MacD has shown a new bullish increase since last week, which indicates that the MacD lines could soon cross bullish. However, there is still a death cross in the weekly chart, which indicates a bearish trend in the medium term. In order to achieve a bullish trend reversal, the Cardano course must first overcome the golden ratio resistance at around USD 0.455, which has failed a few weeks ago.

The monkey type shows a strong upward movement in the histogram of the MacD and the possibility that the MacD lines could soon cross bullishly. Another resistance awaits near the Golden Ratio at around USD 0.455, which is connected to the 50-month MEMA. A breakthrough of this resistance would be extremely bullish for Ada.

The Cardano course could also increase compared to BTC and reach the next Fibonacci levels. The next resistors are around 0.00001062 BTC and around 0.000012 BTC. A significant resistance is also on the 50-dayema ​​at around 0.0000107 BTC. The technical indicators indicate that the ADA course is still Bullish compared to BTC, since the histogram of the MacD increases bullish again, the MacD lines have crossed bullishly and the RSI has returned to the neutral area.

Despite some bear signals in the EMAS and long -term charts, Cardano (ADA) seems to be on the way to remain bullish and possibly reach new heights. However, investors should continue to keep an eye on the technical indicators and pay attention to a successful breakthrough of the golden ratio resistance at around $ 0.37.