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Cardano now rebounding strongly upwards?



The Cardano price has been at the golden ratio support at around USD 1.20 for weeks. So far she has been able to hold up successfully. Does the ADA course break or bounce?


Cardano course forms a death cross in the daily course

In the daily rate, the ADA rate now established a death cross, which confirms the bearish trend in the medium term. In the short term, Cardano could now rise, because Cardano is again at the golden ratio support at around USD 1.2 and has not yet rebounded. If Cardano ricochets now, the ADA price could rise to 1.9 USD.


Cardano course fights with 50-4H-EMA

In the 4H chart, the ADA price is struggling with the 50-4H EMA at around USD 1.3. Should Cardano break this, it would be the first step in an upward move towards USD 1.9. The MACD is currently bullish here. There are currently bullish opportunities for Cardano.


Cardano course could strongly ricochet off Golden Ratio support

Because the golden ratio at around 1.2 USD was tested two weeks ago, but Cardano has not rebounded from it so far. A rather violent reaction at this price level could follow soon, which could cause Cardano to rise. The ADA rate could also meet with rejection at the 50-week EMA at USD 1.5.


Cardano continues to trend downwards on a monthly basis

In order to maintain its bullish trend in the medium term, Cardano should actually not break through the golden ratio at around USD 1.2. Otherwise Cardano could even correct up to USD 0.5, because important EMA supports are waiting for the ADA rate between USD 0.47 and USD 0.6. In the course of the month, however, the MACD is clearly bearish and the RSI also has plenty of room to go down.


Against Bitcoin, the ADA price is also at the golden ratio

Against Bitcoin , the ADA price is also at the golden ratio support. This is around 0.000027 BTC and should Cardano bounce off it, the ADA price could rise to 0.000036 BTC or even 0.000056 BTC.

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