CARDANO - ADA/EUR
CARDANO - ADA/EUR
- EUR (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ADAEUR
ISIN:

CARDANO - ADA/EUR - 1H - Technical analysis published on 03/17/2021 (GMT)

  • 354
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 1.008000 EUR
My targets
1.087000 EUR (+4.02%)
My analysis
The bullish trend is currently very strong on CARDANO - ADA/EUR. As long as the price remains above the support at 1.008000 EUR, you could try to benefit from the boom. The first bullish objective is located at 1.087000 EUR. The bullish momentum would be boosted by a break in this resistance. 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.1

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 j_bortolato. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CARDANO - ADA/EUR price is 1.045000 EUR. The price registered a decrease of -0.38% on the session and was between 1.013000 EUR and 1.090000 EUR. This implies that the price is at +3.16% from its lowest and at -4.13% from its highest.

1.013000
1.090000
1.045000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of CARDANO - ADA/EUR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.930340 0.981600 1.008000 1.045000 1.087000
Change (%) -10.97% -6.07% -3.54% - +4.02%
Change -0.114660 -0.063400 -0.037000 - +0.042000
Level Intermediate Minor Minor - Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6753330.7592670.9041330.9880671.1329331.2168671.361733
Camarilla0.9860801.0070531.0280271.0490001.0699731.0909471.111920
Woodie0.7058000.7745000.9346001.0033001.1634001.2321001.392200
Fibonacci0.7592670.8466680.9006650.9880671.0754681.1294651.216867


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6122000.7192000.8120000.9190001.0118001.1188001.211600
Camarilla0.8498550.8681700.8864850.9048000.9231150.9414300.959745
Woodie0.6051000.7156500.8049000.9154501.0047001.1152501.204500
Fibonacci0.7192000.7955240.8426760.9190000.9953241.0424761.118800


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.464000-0.0942000.4964000.8662001.4568001.8266002.417200
Camarilla0.8228900.9109270.9989631.0870001.1750371.2630731.351110
Woodie-0.353600-0.0390000.6068000.9214001.5672001.8818002.527600
Fibonacci-0.0942000.2726730.4993270.8662001.2330731.4597271.826600

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): 58.16
MACD (12,26,9): 0.0326
Directional Movement: 12.075941
AROON (14): 42.857143
DEMA (21): 1.066853
Parabolic SAR (0,02-0,02-0,2): 1.085883
Elder Ray (13): -0.000117
Super Trend (3,10): 0.987701
Zig ZAG (10): 1.034000
VORTEX (21): 1.1990
Stochastique (14,3,5): 37.22
TEMA (21): 1.070374
Williams %R (14): -76.62
Chande Momentum Oscillator (20): 0.004000
Repulse (5,40,3): -2.3497
ROCnROLL: -1
TRIX (15,9): 0.6041
Courbe Coppock: 6.72
MA7: 0.934643
MA20: 0.976625
MA50: 0.755718
MA100: 0.474536
MAexp7: 1.046099
MAexp20: 1.021848
MAexp50: 0.968654
MAexp100: 0.939914
Price / MA7: +11.81%
Price / MA20: +7.00%
Price / MA50: +38.28%
Price / MA100: +120.22%
Price / MAexp7: -0.11%
Price / MAexp20: +2.27%
Price / MAexp50: +7.88%
Price / MAexp100: +11.18%

Quotes : 2021-03-17 14:02:56 - Real time data - Cryptocompare

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

About author

Online

Overall rating :
15349
Number of analyses :
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis CARDANO - ADA/EUR - 1H