CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

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 : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.579925 USD

My targets

0.618664 USD (+4.49%)

0.667354 USD (+12.71%)

My analysis

The bullish trend is currently very strong on CARDANO - ADA/USD. As long as the price remains above the support at 0.579925 USD, you could try to benefit from the boom. The first bullish objective is located at 0.618664 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.667354 USD as an objective. Crossing it would then enable buyers to target 0.788462 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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

The CARDANO - ADA/USD rating is 0.592081 USD. On the day, this instrument gained +4.62% with the lowest point at 0.560921 USD and the highest point at 0.594934 USD. The deviation from the price is +5.56% for the low point and -0.48% for the high point.

0.560921

0.594934

0.592081

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

Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:

Abnormal volumes on CARDANO - ADA/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bullish. 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.544713	0.579925	0.591860	0.592081	0.618664	0.667354	0.788462
Change (%)	-8.00%	-2.05%	-0.04%	-	+4.49%	+12.71%	+33.17%
Change	-0.047368	-0.012156	-0.000221	-	+0.026583	+0.075273	+0.196381
Level	Intermediate	Major	Intermediate	-	Minor	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.74
MACD (12,26,9):	0.0169
Directional Movement:	24.743439
AROON (14):	14.285714
DEMA (21):	0.582885
Parabolic SAR (0,02-0,02-0,2):	0.564752
Elder Ray (13):	0.012634
Super Trend (3,10):	0.550224
Zig ZAG (10):	0.584658
VORTEX (21):	1.3211
Stochastique (14,3,5):	90.09
TEMA (21):	0.591498
Williams %R (14):	-11.71
Chande Momentum Oscillator (20):	0.019528
Repulse (5,40,3):	1.6981
ROCnROLL:	1
TRIX (15,9):	0.4478
Courbe Coppock:	17.27

MA7:	0.537793
MA20:	0.580427
MA50:	0.531384
MA100:	0.419032
MAexp7:	0.578734
MAexp20:	0.561220
MAexp50:	0.540325
MAexp100:	0.533290
Price / MA7:	+10.09%
Price / MA20:	+2.01%
Price / MA50:	+11.42%
Price / MA100:	+41.30%
Price / MAexp7:	+2.31%
Price / MAexp20:	+5.50%
Price / MAexp50:	+9.58%
Price / MAexp100:	+11.02%

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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