Cardano $ADA Price Outlook: Bearish –

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December 27 2018 04:46 UTC

Price Action

The price of $ADA has fallen over twenty-four hours. The last price at press time is .03931 USDT. In Binance light to moderate volume trading the daily change is -6.11%, or -0.00256 USDT:

$ADA Price Change
period % USDT
24 hours -6.11 -0.00256
7 days 16.68 0.00562
1 month 7.55 0.00276


trend is DOWN

[Trend is “down” when the three day price movement is predominantly downwards.]

Real Time Market Depth

The real time market depth is slightly bullish.

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]


Tap / click to zoom:



After enjoying a nine day Christmas rally $ADA fell lower with the ensuing December 24 2018 selloff. Since then its been somewhat sideways, with price fluctuating between a high of .04268 and a low of .03811. The latter is also the 24 hour low. The low of December 24 was .03893 which results in a net two day price swing of just $00.00082 cents.


Moving Average Convergence Divergence (MACD)

The MACD on the four hour chart is bearish. There are fifteen consecutive sessions each four hours where the MACD state is bearish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 day .03993
25 day .04075
99 day .03789

Near midnight on Christmas Day December 25 the short term EMA(7) made a bear crossover of the medium term EMA(25). The indicator is moving lower and currently is pointed down. This is a bearish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 40.9. This is a neutral state.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin $BTC Price Modifier

The 24 hour Bitcoin $BTC change is -1.71%. This may exert a bearish influence on Cardano today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Cardano $ADA Price Outlook

  • the Cardano $ADA price outlook is bearish
  • if the price finds acceptance at higher levels the major resistance prints at .042
  • if the price finds acceptance at lower levels the major support prints at .027
Resistance levels: .042 .044 .049

Support levels: .027 .038 .039

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis duration.

Analysis Duration: six hours

This report is for a short term duration of six hours. Analysis is time sensitive.

[Analysis duration is the “best before date”, calculated from report generation at December 27 2018 04:46 UTC.]


The author does not hold Cardano $ADA at the time of writing.

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