Cardano Extend The Bears
Cardano Extend The Bears – ADA/USD trading at $0.047322 at the time of the analysis and declines rapidly at -3.40. The cryptocurrency market raised with intense positive bulls with sudden drop to extend the bears. This maybe mainly due to buyers influencing the market as many alt-coins tend to overbuy and rest aiming to reach the support area. Currently all the alt coins make way to the bears. Like the rest of the alt-coins Cardano curb the bulls to capture the bears and continues to slope downward. Right now ADA/USD is in the influence of bearish zone. The coin aims to reach out the areas of support.
ADA/USD Price Analysis And Forecast For August 21th 2019 – bearish trend. The pair aims at testing support areas decline at the rate of -3.81. The moving averages at 0.048116 confirm the decline with a clean dip. The orange and blue MACD’s at -0.0003 and -0.0005 entertain the bears. The RSI at 28.05 shows decline as buyers influence the trade by over buying. The buyers can slow down as there are good chances of the price to further decline. The price may vary from $0.047322 – $0.040000.
Cancellation of the above decline can attract the sellers to start with the supply. The buyers may have exhausted the trades with the sellers taking charge. Then the price may range from $0.047322 – $0.048000