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The Cardano (ADA) course is currently in an absolute bullrun! How far will ADA’s price rise?
Cardano (ADA) Course Forecast – Bearish Rejection at the Golden Ratio?
The Cardano (ADA) course was able to form a “bullish engulfing candle” last month, after which the rate skyrocketed this month by over 70 percent! Currently, the Cardano price is exactly at the last price high at $ 0.0715 and is only a few steps away to reach the golden ratio at $ 0.078!
Cardano (ADA) price forecast – weekly RSI in overbought regions!
The ADA price could even bullishly break the bearish price pattern of the descending triangle, and unless the ADA price is now bearishly rejected at the $ 0.78 golden ratio, the ADA price towards horizontal resistance could range between $ 0.092 – 0.115! If the ADA course breaks the golden ratio, the chances are very high that sooner or later the ADA course will also break the horizontal resistance between $ 0.092 – 0.115!
However, the weekly RSI already gives cause for caution. After all, it scratches overbought regions, which not least goes well with a bearish rejection at the Golden Ratio!
Cardano (ADA) price forecast – 200-day EMA and overbought RSI!
The daily exchange rate now saw a golden crossover, which confirms the trend bullish in the medium term. The ADA course already receives support between $ 0.05 – $ 0.06.
Cardano (ADA) price forecast – 0.382 Fib level as important resistance?
Against Bitcoin, the ADA rate is almost exactly at the 0.382 Fib level at 0.000000751 BTC, where the ADA rate could experience a bearish rejection. If not, the ADA will find its next significant resistance at the golden ratio at 0.000000965 BTC. Here too there was a golden crossover, which bullishly confirms the trend in the medium term. The ADA course is already supported between 0.00000065 – 0.0000007 BTC.
Best regards and successful trades
Constantine
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