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Cardano {ADA}, Cosmos {ATOM} price prediction for 2019 finale; Crypto Economics Security Conference shifted

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According to the candlestick chart associated with the ADA/USD pair on tradingview [based on data collected from the Bittrex Exchange], Cardano is being backed by buyers as the incentivized testnet release draws closer. A new mark of resistance was established at $0.04387004 today, and support can be felt near $0.03539418. The final peak tied to the Awesome Oscillator was erected above the zero line today; its green shade signifies the gradual growth of bullish momentum.

The daily RSI [for 14 periods] is at 57.5 which points to ADA being part of the neutral zone. The MACD line has moved apart from the signal line in the wake of 24th October, thus enabling the green histogram to move forward without fading. The next target for Cardano could be $0.045 if bulls can afford to keep up for the entire week.

Based on observations drawn from studying the candlestick chart connected to the ATOM/USDT pair on tradingview, I have determined that ATOM may face stiff resistance in the foreseeable future. ATOM has advanced steadily in the aftermath of 24th September. Barriers may be felt at $3.337, and support lies close to $2.555 for now. The daily RSI [for 14 periods] sits at 60.42 and requires fresh buyers to march towards overbought territory.

Post-23rd October, the peaks linked to the Awesome Oscillator were formed over the zero line, and their emerald color signifies the rise in terms of bullish pressure. The MACD line intersected and climbed atop the signal line 4 days ago, thus enabling the histogram to switch sides and change color [from red to green]. $ATOM has the potential to shoot up [owing to Xi Jinping’s recent comments surrounding the applications of blockchain technology] and glide towards $3.2 by Friday.

Cardano is ranked at #12 in the market. The price ascended at a rate of 5.66% in the course of the past 24-hours; this, in turn, caused ADA to lurch forward and reach $0.042918. The trading volume recorded stands at roughly $142.963 million, while the supply houses 25.927 billion ADA coins as of this moment. The total market cap of Cardano is $1.112 billion.

Cosmos is positioned at #21 in the market. In a matter of hours, the price increased at a rate of 1.87% which aided $ATOM in heading to $3.17 where it presently rests. The trading volume recorded is $229.727 million, whereas the supply still contains 190,688,439 ATOM coins as part of circulation. The total market cap of ATOM amounts to $604.732 million.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.