ADA/USD analysis as of November 30, 2018

Cardano currency is good for its regular updates, which give a clear picture of the development process, which also affects the price. On the hourly chart we see a short-term bullish trend line with support at $0.0410.

ADA/USD

Although market participants are optimistic and expect the price to exceed 5 cents, and then and 6 cents, the bears are still in control of the market. We recommend waiting for confirmation of the morning star pattern  before placing short-term longs.

This means that bulls must push the ADA price above 5 cents. If the price drops below 3.3 cents, we will see a continuation of the bearish trend.

According to www.newsbtc.com