CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 01/11/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 0.556314 USD

My targets

0.591860 USD (+2.64%)

0.618664 USD (+7.29%)

My analysis

CARDANO - ADA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.556314 USD. The next resistance located at 0.591860 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.618664 USD. After this resistance, buyers could then target 0.667354 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CARDANO - ADA/USD rating 0.576635 USD. The price has increased by +1.89% since the last closing and was between 0.560921 USD and 0.585403 USD. This implies that the price is at +2.80% from its lowest and at -1.50% from its highest.

0.560921

0.585403

0.576635

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of CARDANO - ADA/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.488268	0.522501	0.544713	0.576635	0.579925	0.591860	0.618664
Change (%)	-15.32%	-9.39%	-5.54%	-	+0.57%	+2.64%	+7.29%
Change	-0.088367	-0.054134	-0.031922	-	+0.003290	+0.015225	+0.042029
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.404721	0.446494	0.506107	0.547880	0.607493	0.649266	0.708879
Camarilla	0.537838	0.547132	0.556425	0.565719	0.575013	0.584306	0.593600
Woodie	0.413640	0.450954	0.515026	0.552340	0.616412	0.653726	0.717798
Fibonacci	0.446494	0.485224	0.509151	0.547880	0.586610	0.610537	0.649266

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.344281	0.426064	0.474531	0.556314	0.604781	0.686564	0.735031
Camarilla	0.487180	0.499120	0.511059	0.522999	0.534939	0.546878	0.558818
Woodie	0.327624	0.417735	0.457874	0.547985	0.588124	0.678235	0.718374
Fibonacci	0.426064	0.475819	0.506558	0.556314	0.606069	0.636808	0.686564

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.113412	0.243628	0.418768	0.548984	0.724124	0.854340	1.029480
Camarilla	0.509935	0.537926	0.565917	0.593908	0.621899	0.649890	0.677881
Woodie	0.135874	0.254859	0.441230	0.560215	0.746586	0.865571	1.051942
Fibonacci	0.243628	0.360274	0.432338	0.548984	0.665630	0.737694	0.854340

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.09
MACD (12,26,9):	0.0164
Directional Movement:	22.333855
AROON (14):	21.428572
DEMA (21):	0.573362
Parabolic SAR (0,02-0,02-0,2):	0.555495
Elder Ray (13):	0.008574
Super Trend (3,10):	0.543964
Zig ZAG (10):	0.571724
VORTEX (21):	1.1951
Stochastique (14,3,5):	75.84
TEMA (21):	0.583303
Williams %R (14):	-19.87
Chande Momentum Oscillator (20):	0.044475
Repulse (5,40,3):	1.1440
ROCnROLL:	1
TRIX (15,9):	0.4156
Courbe Coppock:	23.57

MA7:	0.536758
MA20:	0.580071
MA50:	0.531227
MA100:	0.418936
MAexp7:	0.571747
MAexp20:	0.553257
MAexp50:	0.534737
MAexp100:	0.530108
Price / MA7:	+7.43%
Price / MA20:	-0.59%
Price / MA50:	+8.55%
Price / MA100:	+37.64%
Price / MAexp7:	+0.85%
Price / MAexp20:	+4.23%
Price / MAexp50:	+7.84%
Price / MAexp100:	+8.78%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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