Cardano (ADA) trading cryptocurrency market update for Apr 15, 2019

Apr 15, 2019 --- Altcoins

Daily Chart

Cardano v’s Bitcoin hasn't done much at all over the past few days in terms of price action which has kept SCMR signals neutral and candle formations mixed while market structure remains intact from a medium-term perspective but heavy shorter-term, all of which suggests more consolidation between 0.0000xx - 0.0000xx over the coming days. The EMA's, which are rolling over, and the momentum oscillators, which are in need of more recharging, are confirming this view and perhaps hinting at a downward bias moving forward, although the rising SMA's, the favorable volume indications, and the bullish Ichimoku Cloud tell us to try to buy the dip down into the 0.015 region so the VST ProTrade setup remains as is.

 

Short term Members ProTrade - We will consider a small LONG position on a move back down to the 0.0000xxx - 0.0000xxx area with a stop around 0.0000xxx and a target of 0.0000xx.

Medium term Members ProTrade - We will consider a LONG position on a selloff back down to the 0.00000xx - 0.00000xx area with a stop around 0.00000xx and a target of 0.000030..

Long term Members ProTrade - We will consider a LONG position on a move back down to the 0.0000000 - 0.00000xx area with a stop around 0.00000xx and a target of 0.0000xx

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