Cardano ADA/USD is trading at 0.0770. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the Cardano cryptocurrency forecast for November 5, 2018, a test of the area of Ichimoku Kinko Hyo signal lines is expected near the level of 0.0755. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal near the level of 0.0840.
Cardano forecast & analysis ADA/USD November 5, 2018
An additional signal in favor of the growth of the ADA/USD cryptocurrency will be a rebound from the support level, as well as a test of the upper limit of the downward channel. Earlier, a weak signal was received for BUY the Cardano, due to the intersection of signal lines at the level of 0.0710.
Cancellation of the growth option of Cardano quotes will be the fall and breakdown of the lower border of Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.0700 area, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotations ADA/USD stands with the breakdown of the upper limit of the downward channel and closing above 0.0810.
Cardano forecast & analysis ADA/USD November 5, 2018 suggests an attempt to lower the cryptocurrency and test level of 0.0755, from which one can expect continued growth of the Cardano rate with a potential target near the level of 0.0840. Cancellation of the growth option will be the fall and the breakdown of the area of 0.0700, in this case, we should expect a continuation of the decline.