CARDANO (X10) - ADA/ETH - Weekly - Technical analysis published on 12/30/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.002459 ETH
My targets
0.003037 ETH (+15.97%)
0.003522 ETH (+34.48%)
My analysis
CARDANO (X10) - ADA/ETH is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.002459 ETH, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.003037 ETH. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.003522 ETH would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.004615 ETH. Beware of a possible return to under the support located at 0.002459 ETH which would be the sign of a correction of the bullish excesses registered in the short term.
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
0
10
5.5
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Additional analysis
Quotes
The CARDANO (X10) - ADA/ETH rating is 0.002619 ETH. Over 5 days, this instrument gained +0.15% and has been traded over the last 5 days between 0.002585 ETH and 0.002792 ETH. This implies that the 5 day price is +1.32% from its lowest point and -6.20% from its highest point.0.002585
0.002792
0.002619
Here is a more detailed summary of the historical variations registered by CARDANO (X10) - ADA/ETH:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this CARDANO (X10) - ADA/ETH chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.001480 | 0.002459 | 0.002619 | 0.003522 | 0.004615 | 0.006927 |
| Change (%) | -43.49% | -6.11% | - | +34.48% | +76.21% | +164.49% |
| Change | -0.001139 | -0.000160 | - | +0.000903 | +0.001996 | +0.004308 |
| Level | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 0.002507 | 0.002536 | 0.002590 | 0.002619 | 0.002673 | 0.002702 | 0.002756 |
| Camarilla | 0.002621 | 0.002629 | 0.002636 | 0.002644 | 0.002652 | 0.002659 | 0.002667 |
| Woodie | 0.002520 | 0.002542 | 0.002603 | 0.002625 | 0.002686 | 0.002708 | 0.002769 |
| Fibonacci | 0.002536 | 0.002568 | 0.002587 | 0.002619 | 0.002651 | 0.002670 | 0.002702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002186 | 0.002375 | 0.002517 | 0.002706 | 0.002848 | 0.003037 | 0.003179 |
| Camarilla | 0.002567 | 0.002597 | 0.002628 | 0.002658 | 0.002688 | 0.002719 | 0.002749 |
| Woodie | 0.002162 | 0.002363 | 0.002493 | 0.002694 | 0.002824 | 0.003025 | 0.003155 |
| Fibonacci | 0.002375 | 0.002502 | 0.002580 | 0.002706 | 0.002833 | 0.002911 | 0.003037 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001415 | 0.001565 | 0.001698 | 0.001848 | 0.001981 | 0.002131 | 0.002264 |
| Camarilla | 0.001752 | 0.001778 | 0.001804 | 0.001830 | 0.001856 | 0.001882 | 0.001908 |
| Woodie | 0.001406 | 0.001561 | 0.001689 | 0.001844 | 0.001972 | 0.002127 | 0.002255 |
| Fibonacci | 0.001565 | 0.001673 | 0.001740 | 0.001848 | 0.001956 | 0.002023 | 0.002131 |
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): | 77.21 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 29.205954 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.002184 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001891 | |
| Elder Ray (13): | 0.000544 | |
| Super Trend (3,10): | 0.001906 | |
| Zig ZAG (10): | 0.002615 | |
| VORTEX (21): | 1.2339 | |
| Stochastique (14,3,5): | 74.54 | |
| TEMA (21): | 0.002461 | |
| Williams %R (14): | -25.90 | |
| Chande Momentum Oscillator (20): | 0.001048 | |
| Repulse (5,40,3): | 2.3011 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3565 | |
| Courbe Coppock: | 97.04 |
| MA7: | 0.002663 | |
| MA20: | 0.002688 | |
| MA50: | 0.002228 | |
| MA100: | 0.001925 | |
| MAexp7: | 0.002348 | |
| MAexp20: | 0.002018 | |
| MAexp50: | 0.002071 | |
| MAexp100: | 0.002497 | |
| Price / MA7: | -1.65% | |
| Price / MA20: | -2.57% | |
| Price / MA50: | +17.55% | |
| Price / MA100: | +36.05% | |
| Price / MAexp7: | +11.54% | |
| Price / MAexp20: | +29.78% | |
| Price / MAexp50: | +26.46% | |
| Price / MAexp100: | +4.89% |
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.
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