📈 Daily TA: Cardano (ADA/USD)

Hello, dear members of LeoFinance!

Let us have a look at the price chart of Cardano. In the daily chart (1D), ADA/USD has been consolidating in a broad range for almost a month and a half: As can be seen from the price chart, ADA/USD has received support at the 30-day Moving Average (MA 30) several times within the consolidation range. Interestingly, the 90-day Moving Average (MA 90) has entered the consolidation range as well. I think that it may push the price of Cardano up. That's why I expect ADA/USD to try to exit the consolidation range and resume the uptrend.

To be continued ...

As of the time of writing, one ADA costs approximately $1,35 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Cardano (ADA/USD) | 30-04-2021