Cardano (ADA) Price Prediction, Forecast, and Charts — Cardano (ADA) Price Prediction, Forecast, and Charts

- Daily candlestick bodies with tight closures and large ranges between open and close vex bulls and bears alike.

- If buyers fail to drive Cardano higher, a bearish continuation pattern warns of impending selling pressure.

Ichimoku Kinko Hyo Daily Chart for Cardano (ADAUSD)

Take a peek at Cardano’s chart’s daily candlesticks. Blegh. That’s all I have to say about the subject. Senkou Span B appeared to be holding as support for Cardano’s price movement, but it is currently trading below that level. The closing of yesterday (October 10th, 2021) was particularly negative. The Senkou Span B, Kijun-Sen, and Tenkan-Sen all closed lower on Sunday. However, there were several intraday and overnight attempts to drive ADA down and higher. Cardano was trading below the Tenkan-Sen, Kijun-Sen, and Senkou Span B at the time of writing this article (2000 EST). That indicates there’s a lot of weight and prejudice in favor of more downward movement.

The Lagging Span hitting the Cloud’s bottom at $2.01 is Cardano’s final near-term support. Some short sellers will most likely try to push ADA below $2.00, maybe testing the $1.80 value range. While I prefer not to include non-cryptocurrency aspects in my…