KADENA - KDA/USDT - 1H - Technical analysis published on 06/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.518000 USDT
My targets
0.540000 USDT (+2.47%)
0.576800 USDT (+9.45%)
My analysis
The strong short-term increase in KADENA - KDA/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.518000 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.540000 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.576800 USDT as an objective. Crossing it would then enable buyers to target 0.602500 USDT. Caution, a return under 0.518000 USDT could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6
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Additional analysis
Quotes
The KADENA - KDA/USDT rating is 0.527000 USDT. The price has increased by +0.59% since the last closing with the lowest point at 0.513000 USDT and the highest point at 0.530900 USDT. The deviation from the price is +2.73% for the low point and -0.73% for the high point.0.513000
0.530900
0.527000
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of KADENA - KDA/USDT indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.504200 | 0.518000 | 0.527000 | 0.540000 | 0.576800 | 0.602500 |
| Change (%) | -4.33% | -1.71% | - | +2.47% | +9.45% | +14.33% |
| Change | -0.022800 | -0.009000 | - | +0.013000 | +0.049800 | +0.075500 |
| Level | Intermediate | Minor | - | Intermediate | 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 | 0.488067 | 0.496033 | 0.509967 | 0.517933 | 0.531867 | 0.539833 | 0.553767 |
| Camarilla | 0.517878 | 0.519885 | 0.521893 | 0.523900 | 0.525908 | 0.527915 | 0.529923 |
| Woodie | 0.491050 | 0.497525 | 0.512950 | 0.519425 | 0.534850 | 0.541325 | 0.556750 |
| Fibonacci | 0.496033 | 0.504399 | 0.509568 | 0.517933 | 0.526299 | 0.531468 | 0.539833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.232133 | 0.375067 | 0.466133 | 0.609067 | 0.700133 | 0.843067 | 0.934133 |
| Camarilla | 0.492850 | 0.514300 | 0.535750 | 0.557200 | 0.578650 | 0.600100 | 0.621550 |
| Woodie | 0.206200 | 0.362100 | 0.440200 | 0.596100 | 0.674200 | 0.830100 | 0.908200 |
| Fibonacci | 0.375067 | 0.464455 | 0.519679 | 0.609067 | 0.698455 | 0.753679 | 0.843067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.457933 | 0.591467 | 0.668233 | 0.801767 | 0.878533 | 1.012067 | 1.088833 |
| Camarilla | 0.687168 | 0.706445 | 0.725723 | 0.745000 | 0.764278 | 0.783555 | 0.802833 |
| Woodie | 0.429550 | 0.577275 | 0.639850 | 0.787575 | 0.850150 | 0.997875 | 1.060450 |
| Fibonacci | 0.591467 | 0.671801 | 0.721432 | 0.801767 | 0.882101 | 0.931732 | 1.012067 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.25 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 7.183731 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.523268 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.514004 | |
| Elder Ray (13): | 0.004326 | |
| Super Trend (3,10): | 0.514277 | |
| Zig ZAG (10): | 0.527000 | |
| VORTEX (21): | 1.0743 | |
| Stochastique (14,3,5): | 80.91 | |
| TEMA (21): | 0.525741 | |
| Williams %R (14): | -22.35 | |
| Chande Momentum Oscillator (20): | 0.002000 | |
| Repulse (5,40,3): | 0.4212 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0172 | |
| Courbe Coppock: | 0.58 |
| MA7: | 0.541843 | |
| MA20: | 0.649315 | |
| MA50: | 0.754258 | |
| MA100: | 0.868394 | |
| MAexp7: | 0.524008 | |
| MAexp20: | 0.522380 | |
| MAexp50: | 0.524879 | |
| MAexp100: | 0.535347 | |
| Price / MA7: | -2.74% | |
| Price / MA20: | -18.84% | |
| Price / MA50: | -30.13% | |
| Price / MA100: | -39.31% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | -1.56% |
Quotes :
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Real time data
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