CARDANO - ADA/USD - 1H - Technical analysis published on 05/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 0.478320 USD
My targets
0.490666 USD (+1.90%)
0.502217 USD (+4.30%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.478320 USD remains possible. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.478320 USD. The next bullish objective for buyers is set at 0.490666 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.502217 USD. If there is any crossing, the next objective would be the resistance located at 0.584226 USD. PS: if there is a bearish break in the support located at 0.478320 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD rating is 0.481517 USD. The price is lower by -0.15% since the last closing and was traded between 0.475785 USD and 0.486369 USD over the period. The price is currently at +1.20% from its lowest and -1.00% from its highest.0.475785
0.486369
0.481517
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
A technical analysis in 1H of this CARDANO - ADA/USD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.452780 | 0.465174 | 0.478320 | 0.481517 | 0.490666 | 0.584226 | 0.666855 |
| Change (%) | -5.97% | -3.39% | -0.66% | - | +1.90% | +21.33% | +38.49% |
| Change | -0.028737 | -0.016343 | -0.003197 | - | +0.009149 | +0.102709 | +0.185338 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.425542 | 0.440254 | 0.461243 | 0.475955 | 0.496944 | 0.511656 | 0.532645 |
| Camarilla | 0.472415 | 0.475688 | 0.478960 | 0.482233 | 0.485506 | 0.488778 | 0.492051 |
| Woodie | 0.428682 | 0.441823 | 0.464383 | 0.477524 | 0.500084 | 0.513225 | 0.535785 |
| Fibonacci | 0.440254 | 0.453891 | 0.462317 | 0.475955 | 0.489592 | 0.498018 | 0.511656 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.386429 | 0.411453 | 0.425025 | 0.450049 | 0.463621 | 0.488645 | 0.502217 |
| Camarilla | 0.427982 | 0.431520 | 0.435058 | 0.438596 | 0.442134 | 0.445672 | 0.449210 |
| Woodie | 0.380702 | 0.408590 | 0.419298 | 0.447186 | 0.457894 | 0.485782 | 0.496490 |
| Fibonacci | 0.411453 | 0.426197 | 0.435306 | 0.450049 | 0.464793 | 0.473902 | 0.488645 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093696 | 0.247432 | 0.344217 | 0.497953 | 0.594738 | 0.748474 | 0.845259 |
| Camarilla | 0.372108 | 0.395072 | 0.418037 | 0.441001 | 0.463965 | 0.486930 | 0.509894 |
| Woodie | 0.065220 | 0.233194 | 0.315741 | 0.483715 | 0.566262 | 0.734236 | 0.816783 |
| Fibonacci | 0.247432 | 0.343131 | 0.402254 | 0.497953 | 0.593652 | 0.652775 | 0.748474 |
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): | 48.92 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -6.184376 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.482647 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.485007 | |
| Elder Ray (13): | -0.002025 | |
| Super Trend (3,10): | 0.474267 | |
| Zig ZAG (10): | 0.479293 | |
| VORTEX (21): | 0.9654 | |
| Stochastique (14,3,5): | 23.45 | |
| TEMA (21): | 0.479781 | |
| Williams %R (14): | -68.98 | |
| Chande Momentum Oscillator (20): | -0.006619 | |
| Repulse (5,40,3): | -0.2139 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0610 | |
| Courbe Coppock: | 0.97 |
| MA7: | 0.453724 | |
| MA20: | 0.453320 | |
| MA50: | 0.498140 | |
| MA100: | 0.575063 | |
| MAexp7: | 0.480069 | |
| MAexp20: | 0.480712 | |
| MAexp50: | 0.474720 | |
| MAexp100: | 0.465370 | |
| Price / MA7: | +6.13% | |
| Price / MA20: | +6.22% | |
| Price / MA50: | -3.34% | |
| Price / MA100: | -16.27% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +1.43% | |
| Price / MAexp100: | +3.47% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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