CARDANO - ADA/USD - 1H - Technical analysis published on 07/01/2023 (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:
Strongly bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 0.284617 USD
My targets
0.289567 USD (+0.95%)
0.295341 USD (+2.97%)
My analysis
CARDANO - ADA/USD 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 0.284617 USD. The next resistance located at 0.289567 USD 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 0.295341 USD. After this resistance, buyers could then target 0.299444 USD. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD rating is 0.286836 USD. On the day, this instrument lost -0.01% and was between 0.281510 USD and 0.289889 USD. This implies that the price is at +1.89% from its lowest and at -1.05% from its highest.0.281510
0.289889
0.286836
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CARDANO - ADA/USD in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.271164 | 0.277291 | 0.284617 | 0.286836 | 0.289567 | 0.295341 | 0.299444 |
| Change (%) | -5.46% | -3.33% | -0.77% | - | +0.95% | +2.97% | +4.40% |
| Change | -0.015672 | -0.009545 | -0.002219 | - | +0.002731 | +0.008505 | +0.012608 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.243889 | 0.257515 | 0.272192 | 0.285818 | 0.300495 | 0.314121 | 0.328798 |
| Camarilla | 0.279086 | 0.281680 | 0.284275 | 0.286869 | 0.289463 | 0.292058 | 0.294652 |
| Woodie | 0.244415 | 0.257778 | 0.272718 | 0.286081 | 0.301021 | 0.314384 | 0.329324 |
| Fibonacci | 0.257515 | 0.268327 | 0.275006 | 0.285818 | 0.296630 | 0.303309 | 0.314121 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.207623 | 0.230084 | 0.259858 | 0.282319 | 0.312093 | 0.334554 | 0.364328 |
| Camarilla | 0.275266 | 0.280055 | 0.284843 | 0.289631 | 0.294419 | 0.299207 | 0.303996 |
| Woodie | 0.211279 | 0.231912 | 0.263514 | 0.284147 | 0.315749 | 0.336382 | 0.367984 |
| Fibonacci | 0.230084 | 0.250038 | 0.262366 | 0.282319 | 0.302273 | 0.314601 | 0.334554 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051552 | 0.136624 | 0.211746 | 0.296818 | 0.371940 | 0.457012 | 0.532134 |
| Camarilla | 0.242816 | 0.257500 | 0.272185 | 0.286869 | 0.301554 | 0.316238 | 0.330922 |
| Woodie | 0.046578 | 0.134137 | 0.206772 | 0.294331 | 0.366966 | 0.454525 | 0.527160 |
| Fibonacci | 0.136624 | 0.197818 | 0.235624 | 0.296818 | 0.358012 | 0.395818 | 0.457012 |
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): | 52.81 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 3.248148 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.287101 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.289904 | |
| Elder Ray (13): | -0.000003 | |
| Super Trend (3,10): | 0.294515 | |
| Zig ZAG (10): | 0.285798 | |
| VORTEX (21): | 1.2192 | |
| Stochastique (14,3,5): | 54.98 | |
| TEMA (21): | 0.286131 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | -0.001937 | |
| Repulse (5,40,3): | 0.4240 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0671 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.282076 | |
| MA20: | 0.276847 | |
| MA50: | 0.324845 | |
| MA100: | 0.358360 | |
| MAexp7: | 0.285946 | |
| MAexp20: | 0.285615 | |
| MAexp50: | 0.283115 | |
| MAexp100: | 0.282132 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +3.61% | |
| Price / MA50: | -11.70% | |
| Price / MA100: | -19.96% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +1.31% | |
| Price / MAexp100: | +1.67% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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