Crypto Currencies: XRP/USD AND Cardano (ADA/USD) short term view

By: Admin
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Insignia Consultants

                                                                                   New Delhi

Thursday, September 16, 2021 TIME 12:21 PM IST                       

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Crypto Currencies: XRP/USD AND Cardano (ADA/USD) short term view

XRP/USD: (current price: $1.12041):

  1. Support: $0.96170 and $1.05809)
  2. Resistance: $1.13727 and $1.16310. Fifty day moving average: $1.05957.
  3. View: XRP/USD has to trade over $1.05957 in the next three weeks to rise to $1.16310 and $1.31186.
  4. Bearish trend will be there only if XRP/USD trades below $1.05957.

Cardano ADA/USD: (current price: $2.4789):

  1. Support: $1.7829 (hundred day moving average) and $.22337 (fifty day moving average)
  2. Resistance: $2.5025 and $2.6354.
  3. View: Cardano (ada/usd) can rise to  in the short term as long as it trades over $2.1890.
  4. Bearish trend will be there if Cardano (ada/usd) trades below fifty day moving average od $2.2237 for four consecutive days.

The above is just a technical view

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in   

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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