ADA/USD’s path of least resistance appears north. Bull pennant breakout confirmed on 15-minutes chart. Bullish crossover adds credence to the move higher. Cardano (ADA/USD) is looking to extend the early spike following a brief consolidative stint over the last hours. The bulls are gearing up for the next leg higher amid a bull pennant formation confirmed on the 15-minutes chart. ADA/USD: 15-minutes chart The pattern validation calls for a test of the $0.1500 level. As of writing, the token battles the 21-simple moving average (SMA) located at $0.1460. The upward-sloping 100-SMA moved above the horizontal 200-SMA, displaying a bullish crossover, which adds credence to the break higher. Also backing the case for the additional upside, the Relative Strength Index (RSI) points north while above the midline. To the downside, immediate support awaits at the 50-SMA of $0.1445. A sharp drop towards the $0.1418 region (100/200-SMA) cannot be ruled out if the bulls fail to defend the 50-SMA support. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Tezos Price Analysis: Death cross on 4H chart warrants caution for XTZ bulls FX Street 2 years ADA/USD’s path of least resistance appears north. Bull pennant breakout confirmed on 15-minutes chart. Bullish crossover adds credence to the move higher. Cardano (ADA/USD) is looking to extend the early spike following a brief consolidative stint over the last hours. The bulls are gearing up for the next leg higher amid a bull pennant formation confirmed on the 15-minutes chart. ADA/USD: 15-minutes chart The pattern validation calls for a test of the $0.1500 level. As of writing, the token battles the 21-simple moving average (SMA) located at $0.1460. The upward-sloping 100-SMA moved above the horizontal 200-SMA, displaying a bullish… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
