Price analysis: Cardano rises 13% in a week
Price analysis: Cardano rises 13% in a week

Price analysis: Cardano rises 13% in a week

By Federico Izzi - 20 Mar 2019

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In today’s analysis, three cryptocurrencies stand out among the others: Cardano (ADA) with a +5% price increase, followed by Monero (XMR) and Ontology (ONT), both upwards by 3%.

price analysis cardano
Cardano chart by Tradingview

It is worth noting the positive movement of the price of Cardano that returns to press the tenth position of Tron. The bullish movement stays on a medium-term upward trend. The positive news is that prices are back above $0.054, reviewing the levels of early January and mid-November of last year.

price analysis cardano

A signal that if confirmed in the next few days would indicate that the target price could be aiming at 8 cents.

Among the worst, even if the decline is not worrying, there is Stellar who after the rises of recent days, now loses ground with a 3% drop.

The balance of the last week (starting from last Wednesday) among the first 25 cryptocurrencies, is positive, as all show increases. Bitcoin Cash (BCH) stands out with a rise of over 23%, Ontology (among the best of the day) reaching a +30%. Litecoin and Stellar Lumens follow even if at a distance, rising by 8%. These are accompanied by Monero (+9%) and by the price of Cardano, which scores a double-digit increase (13%).

Capitalisation returns above $140 billion. A positive sign, even in days like today where the negative sign prevails: the drops do not affect the underlying trend that remains bullish.

The volumes remain strong with daily trades of 36 billion dollars.

The capitalisation of the first three cryptocurrencies remains unchanged, but the consolidation of Litecoin in 4th and EOS in 5th position indicate the stability of important support levels.

price analysis cardano
Bitcoin chart by Tradingview

Bitcoin Price Analysis (BTC)

Bitcoin is close to the $4,100, confirming the holding of the $4,000 level. In the medium term, it is important to consolidate at over 3,800-3,900 dollars.

price analysis cardano
Ethereum chart by Tradingview

Price analysis Ethereum (ETH)

The situation is unchanged: imperceptible fluctuations that since Monday morning have seen Ethereum’s price almost glued between 140 and 141 dollars.

The structure remains unaltered, the weather is favourable to any downward movements that will not be worrying if prices remain above the threshold of 125-130 dollars.

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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