Press "Enter" to skip to content

Chainlink {LINK}, Cardano {ADA} price analysis 2019

Latest News

According to the candlestick chart connected to the ADA/USD pair on tradingview [based on data drawn from the Bittrex Exchange], buyers are finally back in action which can be interpreted as good news for Cardano. The daily RSI [for 14 periods] recovered slightly and sits at 52.13, indicating that $ADA may climb closer to the overbought territory by the following week.

The final 2 peaks linked to the Awesome Oscillator have both been brown, which serves as a bearish indicator. The gap between the MACD line and the signal line has reduced in the aftermath of 29th October, signifying the presence of bearish forces. Initial support lies near $0.03945256, and resistance may be felt at the $0.04461 mark.

In accordance with the candlestick chart associated with the LINK/USDT pair on tradingview [based on data obtained from the Binance Exchange], buyers have been actively pushing $LINK towards $3 for the past 3 days. The daily RSI [for 14 periods] is at 59.53 and is inclined to drop, signifying that Chainlink may venture towards the oversold zone in November.

From 28th October onwards, the MACD line has been drifting away from the signal line [MACD dipped beneath the signal line prior to the aforementioned date], thereby causing the crimson histogram to rise underneath the zero line. Similarly, post-28th October, the peaks tied to the Awesome Oscillator have all possessed the brown shade. Both these indicators point to a surge in terms of bearish momentum, but a drastic trend change hasn’t been recorded yet.

Cardano is ranked at #12 in the market. The trading volume recorded stands at roughly $68.776 million. The total market cap of Cardano amounts to $1.088 billion as of this very moment. The price grew at a rate of 2% in a matter of hours; helping $ADA soar all the way to $0.041966 where it currently rests.

Chainlink is positioned at #15 in the market. The price shot up at a rate of 4.44% in the course of the past 24-hours; this, in turn, aided $LINK in climbing to reach $2.7 where the price holds. The trading volume recorded stands at approximately $136.268 million, and the total market cap of Cardano is $946.548 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.