Cardano vs U.S. Dollar (ADAUSD) Chart Analysis

Cardano vs U.S. Dollar (ADAUSD) is going in favor of the bulls now that prices are trading above EMA50.

The daily candle closes in 30 minutes...
Closing and staying above EMA50 can lead to STRONG growth for ADAUSD.

• The MACD is bullish and entering the bullish zone (above zero).
  
• The RSI is really strong and trending higher.
  We are looking at higher lows on the chart and prices moving above support.
  
  We are extremely bullish on Cardano as long as we remain above our marked "support zone".
  
  Below you can find ADABTC and ADAM20 if you want additional information on this one:
  
  
  
  
  
  
  
  Thanks a lot for reading.
  
  Namaste.
  
  

Kommentera:

Great timing on this one.