【westmoreland central school class of 1960】Cardano’s ADA Technical Analysis – Support Levels in Play – 01/01/19
Key Highlights
Cardano’s ADA slid by 5.78% on Monday,–SupportLevelsinPlay–westmoreland central school class of 1960 reversing a 4.10% gain from Sunday, to end the day at $0.041944.
A start of a day intraday high $0.044919 saw Cardano’s ADA fall well short of the day’s first major resistance level at $0.0458.
Bearish through the day, Cardano’s ADA slid through the first major support level at $0.0422 to an intraday low $0.041104.
The extended bearish trend remained intact, with Cardano’s ADA continuing to fall well short of the 23.6% FIB Retracement Level of $0.1125.
How to Buy Cardano’s ADA
Cardano’s ADA Price Resistance
Cardano’s ADA fell by 5.78% on Monday, reversing Sunday’s 4.1% gain, to end the day at $0.041944.
A bullish start to the day saw Cardano’s ADA rise to an intraday high $0.044919 before succumbing to pressure from the broader market, the day’s high coming up short of the first major resistance level at $0.0458.
Tracking the broader market Cardano’s ADA slid through the first major support level at $0.0422 to an intraday low $0.041104, Cardano’s ADA managing to steer clear of sub-$0.04 levels and the second major support level at $0.0399 on the day.
The extended bearish trend formed at early May’s swing hi $0.38845, remained intact in spite of last week’s 52.6% rally, with Cardano’s ADA continuing to fall well short of the 23.6% FIB Retracement Level of $0.1125 following 7
th
December’s new swing lo $0.02724.
At the time of writing, Cardano’s ADA was down 0.23% to $0.041846, moves through the early morning seeing Cardano’s ADA recover from an early morning low $0.041074 to strike a morning high $0.042270 before easing back to $0.041 levels, the day’s major support and resistance levels left untested early on.
For the day ahead, a move back through the morning high to $0.043 levels would support a run at $0.044 levels to bring the first major resistance level at $0.0442 into play before any pullback, Monday’s 0.044919 high likely to pin Cardano’s ADA back from a breakout to $0.046 levels and the day’s second major resistance level at $0.0465.
Failure to move back through the morning high could see Cardano’s ADA take a bigger hit later in the day, with a pullback through the morning low $0.041074 bringing the first major support level at $0.0404 into play before any recovery, sentiment across the broader market needing to materially deteriorate for Cardano’s ADA to call on sub-$0.04 support levels later in the day.
Story continues
{ alt}
Looking at the Technical Indicators
Major Support Level: $0.0404
Major Resistance Level: $0.0442
Fib 23.6% Retracement Level: $0.1125
Fib 38% Retracement Level: $0.1652
Fib 62% Retracement Level: $0.2505
This
article
was originally posted on FX Empire
More From FXEMPIRE:
2018 – 5 Most Influential People of the Year
What is Expected in the Forex Market in 2019?
USD/JPY Forex Technical Analysis – Heading into Major Support Zone at 109.360 to 109.179
Crude Oil Price Forecast – crude oil soft on New Year’s Eve
Crude Oil Price Update – Holding Pivot at $44.68 Will Indicate Presence of Buyers
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 01/01/19
View comments
(责任编辑:Hotspot)
- U.S. Dollar Index (DX) Futures Technical Analysis – Overtaking 97.470 Could Trigger Surge into 97.920
- Why Chanhigh Holdings Limited’s (HKG:2017) Return On Capital Employed Might Be A Concern
- Metso agrees to acquire the service business of Chile's HighService Corp
- BRIEF-Nanjing Red Sun Signs Framework Agreement For Industry Park Project
- Does The Equitable Group Inc. (TSE:EQB) Share Price Fall With The Market?
- Pennsylvania's Democratic governor calls Trump remarks 'partisan attack'
- The Very Slow Movie Player shows films at a fraction of normal speed
- First Circuit Declares Appointment of FOMB Members Violates Appointments Clause
- This Week's Must See Earnings Charts
- Otter Tail (OTTR) Tops Q3 Earnings and Revenue Estimates
- Is Best Buy Co., Inc.’s (NYSE:BBY) ROE Of 36% Impressive?
- Resolutions 2019: Crush Your Debt in 3 Simple Steps
- Top Money Moves I’m Making Now To Save My Bank Account in 2021
-
Donaldson (DCI) Q1 Earnings & Sales Top Estimates, Decline Y/Y
Donaldson Company, Inc.DCI reported impressive results for the first quarter of fiscal 2021 (ended O ...[详细] -
Gencor: Fiscal 1Q Earnings Snapshot
ORLANDO, Fla. (AP) _ Gencor Industries Inc. (GENC) on Friday reported fiscal first-quarter earnings ...[详细] -
'Farewell to Facebook', bids Germany's retiring Merkel
By Thomas EscrittBERLIN, Feb 1 (Reuters) - German Chancellor Angela Merkel took another step in her ...[详细] -
Opioid Judge Stays Discovery Due to Gov't Shutdown
Credit: Phil Lowe/Shutterstock.comA federal judge in Ohio granted the U.S. Department of Justice’s r ...[详细] -
The Downsides of 401(k)s That You’ve Never Heard Of
A good 401(k) is the cornerstone of any long-term retirement savings plan. 401(k) plans offer tax be ...[详细] -
Dozens of coal, iron ore freighters stuck off China ports amid customs delays - data, sources
By Henning Gloystein and Muyu XuSINGAPORE/BEIJING (Reuters) - Dozens of ships carrying coal and iron ...[详细] -
Can Valero Energy (VLO) Keep the Earnings Surprise Streak Alive?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat stre ...[详细] -
The Latest: Apple axes Google access to key developer tool
NEW YORK (AP) -- The Latest on Apple's denial of an important tool to Facebook (all times local):8 p ...[详细] -
Avenue Therapeutics Announces Publications in Peer-Reviewed Journals
NEW YORK, June 05, 2020 (GLOBE NEWSWIRE) -- Avenue Therapeutics, Inc. (ATXI) (“Avenue”), a company f ...[详细] -
The Uber Of Europe, BlaBlaCar, Just Raised A Whopping $100 Million
blablacar_founders3_cropped_very_smallBlaBlaCarFrédéric Mazzella, CEO; Francis Nappez, CTO; Nicolas ...[详细]
EPR Properties: 3Q Earnings Snapshot
What Type Of Shareholder Owns Great World Company Holdings Ltd’s (HKG:8003)?
- Investview (INVU) Reports Record $1.4 Million Month Bitcoin Mining Revenue and Increased Bitcoin Holdings
- Brazil's Vale knew of risk to area hit by deadly mine disaster -Folha de S.Paulo
- Disappointing factory activity threatens global growth
- Brexit poses risk, but German economy poised for further growth -minister
- Can Guess (GES) Keep the Earnings Surprise Streak Alive?
- BRIEF-Nine Dragons Paper Holdings Expects HY Profit Attributable Of Not Less Than Rmb2,400 Mln
- Upcoming Deadline Reminder: The Schall Law Firm Encourages Investors in Redwire Corporation with Losses of $100,000 to Contact the Firm