CARDANO - ADA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - Daily - Technical analysis published on 11/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.667447 USDT

My targets

0.775291 USDT (+2.32%)

1.011643 USDT (+33.51%)

My analysis

CARDANO - ADA/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.667447 USDT. The next resistance located at 0.775291 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.011643 USDT. After this resistance, buyers could then target 1.212000 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

Comment on the analysis

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CARDANO - ADA/USDT rating 0.757719 USDT. On the day, this instrument gained +3.44% with the lowest point at 0.728949 USDT and the highest point at 0.764882 USDT. The deviation from the price is +3.95% for the low point and -0.94% for the high point.

0.728949

0.764882

0.757719

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:

Abnormal volumes on CARDANO - ADA/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily chart of CARDANO - ADA/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.502030	0.565200	0.667447	0.757719	0.775291	1.212000
Change (%)	-33.74%	-25.41%	-11.91%	-	+2.32%	+59.95%
Change	-0.255689	-0.192519	-0.090272	-	+0.017572	+0.454281
Level	Minor	Minor	Intermediate	-	Major	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	0.612037	0.656307	0.694424	0.738694	0.776811	0.821081	0.859198
Camarilla	0.709886	0.717438	0.724990	0.732542	0.740094	0.747646	0.755198
Woodie	0.608962	0.654769	0.691349	0.737156	0.773736	0.819543	0.856123
Fibonacci	0.656307	0.687779	0.707222	0.738694	0.770166	0.789609	0.821081

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.220209	0.355229	0.548416	0.683436	0.876623	1.011643	1.204830
Camarilla	0.651347	0.681433	0.711518	0.741604	0.771690	0.801775	0.831861
Woodie	0.249294	0.369771	0.577501	0.697978	0.905708	1.026185	1.233915
Fibonacci	0.355229	0.480604	0.558061	0.683436	0.808811	0.886268	1.011643

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.241566	0.279279	0.310533	0.348246	0.379500	0.417213	0.448467
Camarilla	0.322821	0.329143	0.335465	0.341787	0.348109	0.354431	0.360753
Woodie	0.238337	0.277664	0.307304	0.346631	0.376271	0.415598	0.445238
Fibonacci	0.279279	0.305624	0.321901	0.348246	0.374591	0.390868	0.417213

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	80.27
MACD (12,26,9):	0.0999
Directional Movement:	36.610429
AROON (14):	78.571429
DEMA (21):	0.682088
Parabolic SAR (0,02-0,02-0,2):	0.617105
Elder Ray (13):	0.125657
Super Trend (3,10):	0.558676
Zig ZAG (10):	0.763402
VORTEX (21):	1.3068
Stochastique (14,3,5):	82.54
TEMA (21):	0.750687
Williams %R (14):	-11.81
Chande Momentum Oscillator (20):	0.354655
Repulse (5,40,3):	7.2120
ROCnROLL:	1
TRIX (15,9):	2.5956
Courbe Coppock:	189.86

MA7:	0.685982
MA20:	0.516010
MA50:	0.416224
MA100:	0.384538
MAexp7:	0.689206
MAexp20:	0.564759
MAexp50:	0.461975
MAexp100:	0.422579
Price / MA7:	+10.46%
Price / MA20:	+46.84%
Price / MA50:	+82.05%
Price / MA100:	+97.05%
Price / MAexp7:	+9.94%
Price / MAexp20:	+34.17%
Price / MAexp50:	+64.02%
Price / MAexp100:	+79.31%

Quotes : - Real time data - Cryptocompare

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

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