ADAUSD Price | Cardano Chart | IFCM Tanzania
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ADAUSD Prices & Live Chart

ADAUSD Price Chart

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Leverage 1:100
Margin 1000
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Status: Closed Trading
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Technical Analysis

The ADAUSD technical analysis of the price chart on 4-hour timeframe shows ADAUSD, H4 is advancing above the 50-period moving average MA(50) after retracing lower following a rebound to 18-week high three days ago. We believe the bullish momentum will continue after the price breaches above upper Donchian channel boundary at 0.85680. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.81270. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Crypto -

Cardano’s Hoskinson promises to share audit report by mid-August. Will the ADAUSD price advancing persist?

Charles Hoskinson, co-founder of blockchain engineering firm Input Output Global (IOG) and the Cardano platform, promised to make IOG’s ADA holdings public. He expects the disclosure to be ready by mid-August. This pledge was made after IOG was accused of inappropriately acquiring around $600 million in Cardano. An example of accusations is the allegation of a non-fungible token artist Masato Alexander who claims that Hoskinson utilized a “genesis key” to manipulate the Cardano ledger in 2021 , generating about $619 million worth of Cardano. Hoskinson vows to file a lawsuit against those spreading the allegations. He said that next week he would meet up with professionals from a defamation law firm to discuss their alternatives and plans. In a post shared on X, Hoskinson said he just received the initial copy of the audit report and has requested additional details and context in a few spots on the report. He committed to reading detailed version of the audit from start to finish on a livestream directly after it is published. Detailed audit of ADA holdings of IOG will support community trust in IOG and Cardano platform which is bullish for ADA and ADAUSD price.

IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(50) Buy
Fractals Buy
Parabolic SAR Buy
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