KADENA - KDA/USDT - Daily - Technical analysis published on 02/10/2022 (GMT)
- 189
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.88 USDT
My targets
11.30 USDT (+16.65%)
15.34 USDT (+58.31%)
My analysis
The strong short-term increase for KADENA - KDA/USDT reinforces the current slightly bullish trend. As long as the price remains above 7.88 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 11.30 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.34 USDT as an objective. Crossing it would then enable buyers to target 19.15 USDT. A return to 7.88 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
0
10
5.2
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 ph1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KADENA - KDA/USDT rating 9.69 USDT. The price registered a decrease of -2.71% on the session and was between 8.54 USDT and 10.22 USDT. This implies that the price is at +13.47% from its lowest and at -5.19% from its highest.8.54
10.22
9.69
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of KADENA - KDA/USDT in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.92 | 6.44 | 9.57 | 9.69 | 15.34 | 19.15 | 24.04 |
| Change (%) | -80.19% | -33.54% | -1.24% | - | +58.31% | +97.63% | +148.09% |
| Change | -7.77 | -3.25 | -0.12 | - | +5.65 | +9.46 | +14.35 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.41 | 8.05 | 9.00 | 9.64 | 10.59 | 11.23 | 12.18 |
| Camarilla | 9.52 | 9.67 | 9.81 | 9.96 | 10.11 | 10.25 | 10.40 |
| Woodie | 7.58 | 8.13 | 9.17 | 9.72 | 10.76 | 11.31 | 12.35 |
| Fibonacci | 8.05 | 8.65 | 9.03 | 9.64 | 10.24 | 10.62 | 11.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.97 | 4.54 | 5.35 | 5.92 | 6.73 | 7.30 | 8.11 |
| Camarilla | 5.78 | 5.91 | 6.03 | 6.16 | 6.29 | 6.41 | 6.54 |
| Woodie | 4.09 | 4.60 | 5.47 | 5.98 | 6.85 | 7.36 | 8.23 |
| Fibonacci | 4.54 | 5.07 | 5.39 | 5.92 | 6.45 | 6.77 | 7.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -5.96 | -0.75 | 2.67 | 7.88 | 11.30 | 16.51 | 19.93 |
| Camarilla | 3.73 | 4.52 | 5.31 | 6.10 | 6.89 | 7.68 | 8.47 |
| Woodie | -6.85 | -1.20 | 1.79 | 7.43 | 10.42 | 16.06 | 19.05 |
| Fibonacci | -0.75 | 2.54 | 4.58 | 7.88 | 11.17 | 13.21 | 16.51 |
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): | 60.88 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 15.63 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 7.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.72 | |
| Elder Ray (13): | 1.89 | |
| Super Trend (3,10): | 6.09 | |
| Zig ZAG (10): | 9.20 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 83.11 | |
| TEMA (21): | 8.10 | |
| Williams %R (14): | -20.68 | |
| Chande Momentum Oscillator (20): | 2.76 | |
| Repulse (5,40,3): | 13.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -1.1600 | |
| Courbe Coppock: | 75.95 |
| MA7: | 7.88 | |
| MA20: | 6.43 | |
| MA50: | 8.88 | |
| MA100: | 11.98 | |
| MAexp7: | 8.30 | |
| MAexp20: | 7.36 | |
| MAexp50: | 8.40 | |
| MAexp100: | 8.88 | |
| Price / MA7: | +22.97% | |
| Price / MA20: | +50.70% | |
| Price / MA50: | +9.12% | |
| Price / MA100: | -19.12% | |
| Price / MAexp7: | +16.75% | |
| Price / MAexp20: | +31.66% | |
| Price / MAexp50: | +15.36% | |
| Price / MAexp100: | +9.12% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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 KADENA - KDA/USDT - Daily