Cardano ADA/USD trades at 0.0906. ADA USD quotes are trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend. As part of the Cardano cryptocurrency forecast for April 6, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.0855. Where should we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal near the level of 0.1150.
Cardano Forecast and Analysis ADA/USD April 6, 2019
An additional signal in favor of raising the ADA/USD cryptocurrency will be a rebound from the support level. The second signal will be the test of the lower boundary of the ascending channel. Earlier, a weak signal was received for SELL the Cardano cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 0.0948. The nearest resistance area is located at 0.1005. The support area for Cardano is located at 0.0850.
Cancellation of the growth option of Cardano quotes will be the fall and breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 0.0800 area. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. ADA/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 0.1045.
Cardano Forecast and Analysis ADA/USD April 6, 2019 suggests an attempt to correct cryptocurrency and test level 0.0855. Where can we expect to continue the growth rate of Cardano with a potential goal near the level of 0.1150. Cancellation option lift will make the fall and the breakdown of the area 0.0800. In this case, we should expect a continuation of the decline with a potential target at the level of 0.0595.