CARDANO - ADA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
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CARDANO - ADA/USDT - 1H - Technical analysis published on 11/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.692758 USDT

My targets

0.775291 USDT (+1.47%)

0.818455 USDT (+7.12%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CARDANO - ADA/USDT as long as the price remains well above 0.692758 USDT. The buyers' bullish objective is set at 0.775291 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.818455 USDT. If there is any crossing, the next objective would be the resistance located at 1.212000 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 0.764053 USDT. On the day, this instrument gained +3.45% and was traded between 0.738408 USDT and 0.777129 USDT over the period. The price is currently at +3.47% from its lowest and -1.68% from its highest.

0.738408

0.777129

0.764053

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CARDANO - ADA/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.609436	0.667447	0.692758	0.764053	0.775291	0.818455	1.212000
Change (%)	-20.24%	-12.64%	-9.33%	-	+1.47%	+7.12%	+58.63%
Change	-0.154617	-0.096606	-0.071295	-	+0.011238	+0.054402	+0.447947
Level	Minor	Minor	Intermediate	-	Major	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	0.672898	0.696552	0.717574	0.741228	0.762250	0.785904	0.806926
Camarilla	0.726310	0.730405	0.734501	0.738596	0.742691	0.746787	0.750882
Woodie	0.671582	0.695894	0.716258	0.740570	0.760934	0.785246	0.805610
Fibonacci	0.696552	0.713618	0.724162	0.741228	0.758294	0.768838	0.785904

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	0.259379	0.288186	0.314986	0.343793	0.370593	0.399400	0.426200
Camarilla	0.326495	0.331592	0.336690	0.341787	0.346884	0.351982	0.357079
Woodie	0.258377	0.287684	0.313984	0.343291	0.369591	0.398898	0.425198
Fibonacci	0.288186	0.309428	0.322551	0.343793	0.365035	0.378158	0.399400

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):	65.28
MACD (12,26,9):	0.0051
Directional Movement:	15.559362
AROON (14):	28.571429
DEMA (21):	0.752173
Parabolic SAR (0,02-0,02-0,2):	0.723341
Elder Ray (13):	0.021412
Super Trend (3,10):	0.727773
Zig ZAG (10):	0.771469
VORTEX (21):	1.0481
Stochastique (14,3,5):	89.18
TEMA (21):	0.755761
Williams %R (14):	-12.63
Chande Momentum Oscillator (20):	0.040433
Repulse (5,40,3):	2.3281
ROCnROLL:	1
TRIX (15,9):	0.0173
Courbe Coppock:	4.41

MA7:	0.710428
MA20:	0.536518
MA50:	0.424228
MA100:	0.388666
MAexp7:	0.756542
MAexp20:	0.747452
MAexp50:	0.740788
MAexp100:	0.721515
Price / MA7:	+7.55%
Price / MA20:	+42.41%
Price / MA50:	+80.10%
Price / MA100:	+96.58%
Price / MAexp7:	+0.99%
Price / MAexp20:	+2.22%
Price / MAexp50:	+3.14%
Price / MAexp100:	+5.90%

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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