Cardano price GBP is currently range-bound between £0.71001 and £1.07197. The price action inside a range could be volatile and random.

The positive sign is that the bulls did not allow the ada gbp price to dip below the 20-day EMA in the past few days. The buyers are now trying to push the price to the resistance of the range.

Bitcoin Price GBP_Main

ADA TO GBP

Cardano price - HOW TO TRADE ADA/GBP 13TH APRIL 2021 - UPDATED CONTENT

CRYPTOCURRENCY TECHNICAL ANALYSIS - How to trade Cardano price GBP

Cardano Price GBP_Chart

On two previous occasions, the price had turned down from £1.07197. Therefore, the bears will try to defend it aggressively. If the price once again turns down from £1.07197, the ADA/GBP pair could extend its stay inside the range for a few more days.

The first sign of strength will be a breakout and close above £1.07197. If that happens, the pair could rally to £1.43393. However, we do not find any reliable trading setups at the current level. Therefore, we are not recommending a trade in it.

 

Cardano price - HOW TO TRADE ADA/GBP 6TH APRIL 2021

 

 

Cardano price GBP has been clinging to the 20-day EMA for the past few days. The bulls attempted to push the price higher on April 2 and 3 but they could not cross the £0.90 barrier.

The flat 20-day EMA and the RSI below 55 suggest a balance between supply and demand.

CRYPTOCURRENCY TECHNICAL ANALYSIS - How to trade Cardano price GBP

Cardano Price GBP_Chart

It is very difficult to predict the direction of the breakout from a tight range. Therefore, it is best to wait for the Cardano price GBP to breakout and sustain the move before jumping in to buy or sell.

If the bulls can drive the Cardano price GBP above the £0.90 to £0.935 resistance zone, the ADA/GBP pair could retest the all-time high at £1.07197. Conversely, if the bears sink the price below the 50-day SMA, the pair could drop to £0.71001.

The next trending move could start after the price breaks above £1.07197 or breaks below £0.71001. Until then, the range-bound action may continue. We do not find any reliable trading setup at the current levels.

 

 

 

Cardano price GBP - HOW TO TRADE ADA/GBP 30TH MARCH 2021

 

 

Cardano price GBP remains stuck inside the £0.71001 to £1.07197 range. The bulls purchased the dip to the 50-day SMA on March 25 and pushed the price above the 20-day EMA on March 26.

However, since then, the ADA/GBP pair has been trading in small range days, indicating indecision among the bulls and the bears about the next directional move.

CRYPTOCURRENCY TECHNICAL ANALYSIS - How to trade ADA/GBP

Cardano Price GBP_Chart

The flat 20-day EMA and the RSI just above the midpoint also suggest a balance between supply and demand. If the bulls push the Cardano price GBP above £0.935, the pair may rally to the resistance of the range at £1.07197.

A breakout of this resistance could start the next leg of the uptrend, but such a move looks unlikely at the moment. On the downside, the bears will gain the upper hand below £0.71001.

The indicators are not pointing towards a clear directional move and the tight range Cardano price action also suggests indecision. However, if the uncertainty resolves with a sharp rise on the upside, short-term traders may buy at £0.94, expecting to book profits near £1.05. The stop-loss for this position could be kept below £0.84.

This trade should be attempted if the price breaks out with strength, else traders may remain on the sidelines.

 

Cardano price GBP - HOW TO TRADE ADA/GBP 23RD MARCH 2021

 

Cardano price GBP found support at £0.71001 and the bulls started a strong rally on March 16, which pushed the price to £1.06 on March 18, but the bulls could not conquer the all-time high. This resulted in profit-booking, pulling the ADA/GBP below the 20-day EMA.

ADA/GBP could now drop to the critical support at £0.71001. If the price rebounds off this level, it will suggest that the bulls are buying on dips. That could keep the Cardano price GBP range-bound between £0.71001 and £1.07197 for a few more days.

CRYPTOCURRENCY TECHNICAL ANALYSIS - How to trade ADA/GBP

The flat 20-day EMA and the RSI near the midpoint also suggest a range-bound action for the next few days.

This view will be negated if the bears sink the ADA/GBP below £0.71001. If that happens, the selling could intensify and the pair may drop to £0.58 and then £0.50.

A trading opportunity could arise if the ADA/GBP rebounds off £0.71001. Traders may buy this bounce and keep the stop-loss below £0.70. Conversely, traders may remain on the sidelines if the £0.71001 support cracks.

Cardano price - HOW TO TRADE ADA/GBP 16TH MARCH 2021

The Cardano price GBP we had highlighted in the previous analysis that the failure to achieve a strong rebound off the 20-day EMA suggests a lack of buying support. Cardano broke below the 20-day EMA on March 12.

Although the bulls tried to push the price back above the 20-day EMA on March 13, they could not hold on to the higher levels. This shows traders are booking profits on rallies.

CRYPTOCURRENCY TECHNICAL ANALYSIS - ada/GBP

Cardano Price GBP_Chart

The 20-day EMA has flattened out and the RSI has dipped below 48, indicating that the bears are trying to make a comeback. If bears sink the Cardano price GBP below £0.58, the pair could drop to £0.50.

A deeper correction could delay the start of the next leg of the uptrend. This bearish view will invalidate if the price turns up from the current levels and rises above £0.90. That could result in a retest of £1.07197.

Cardano price - HOW TO TRADE ADA/GBP 9TH MARCH 2021

Cardano Price GBP is currently consolidating in an uptrend. The bulls have been defending the 20-day EMA but have not been able to achieve a strong rebound off it. This suggests that the traders are not buying the current dip aggressively.

CRYPTOCURRENCY TECHNICAL ANALYSIS - Carnado price GBP

Cardano Price GBP_Chart

If the 20-day EMA cracks, the Cardano price GBP could drop to £0.60 and then to £0.50. The 20-day EMA is flattening out and the RSI is gradually dropping towards the midpoint, suggesting a weakening momentum.

Contrary to this assumption, if the price rebounds off the current level, the Cardano price GBP may retest £1.07197. A breakout and close above this resistance could start the next leg of the uptrend that may reach £1.23862.

Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.

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