CARDANO - ADA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - 1H - Technical analysis published on 11/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.746648 USDT

My targets

0.692758 USDT (-4.79%)

0.667447 USDT (-8.27%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CARDANO - ADA/USDT as long as the price remains well below 0.746648 USDT. The next bearish objective for sellers is set at 0.692758 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.667447 USDT. In case of crossing, the next objective would be the support located at 0.609781 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.692758 USDT. With this support, against the trend traders who want to buy CARDANO - ADA/USDT on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.1

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

The CARDANO - ADA/USDT price is 0.727620 USDT. On the day, this instrument lost -0.67% with the lowest point at 0.722995 USDT and the highest point at 0.764882 USDT. The deviation from the price is +0.64% for the low point and -4.87% for the high point.

0.722995

0.764882

0.727620

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USDT:

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

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this CARDANO - ADA/USDT chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.609781	0.667447	0.692758	0.727620	0.746648	0.775291	0.818455
Change (%)	-16.20%	-8.27%	-4.79%	-	+2.62%	+6.55%	+12.48%
Change	-0.117839	-0.060173	-0.034862	-	+0.019028	+0.047671	+0.090835
Level	Minor	Intermediate	Intermediate	-	Minor	Major	Intermediate

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	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.87
MACD (12,26,9):	-0.0023
Directional Movement:	-2.291610
AROON (14):	-50.000000
DEMA (21):	0.738205
Parabolic SAR (0,02-0,02-0,2):	0.756492
Elder Ray (13):	-0.010078
Super Trend (3,10):	0.719768
Zig ZAG (10):	0.728318
VORTEX (21):	0.9555
Stochastique (14,3,5):	8.76
TEMA (21):	0.733945
Williams %R (14):	-80.11
Chande Momentum Oscillator (20):	-0.020672
Repulse (5,40,3):	-0.8782
ROCnROLL:	2
TRIX (15,9):	0.0086
Courbe Coppock:	0.87

MA7:	0.681666
MA20:	0.514212
MA50:	0.415518
MA100:	0.384203
MAexp7:	0.734817
MAexp20:	0.739711
MAexp50:	0.736100
MAexp100:	0.713646
Price / MA7:	+6.74%
Price / MA20:	+41.50%
Price / MA50:	+75.11%
Price / MA100:	+89.38%
Price / MAexp7:	-0.98%
Price / MAexp20:	-1.63%
Price / MAexp50:	-1.15%
Price / MAexp100:	+1.96%

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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