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CARDANO - ADA/USD
CARDANO - ADA/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 07/04/2023 (GMT)

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  • 07/04/2023 - 06:03
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 07/04/2023 - 06:03
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.291143 USD
My targets
0.299448 USD (+1.10%)
0.307136 USD (+3.69%)
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 0.291143 USD. The next resistance located at 0.299448 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 0.307136 USD. After this resistance, buyers could then target 0.358864 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CARDANO - ADA/USD rating is 0.296199 USD. The price is lower by -0.05% since the last closing with the lowest point at 0.294834 USD and the highest point at 0.301760 USD. The deviation from the price is +0.46% for the low point and -1.84% for the high point.

0.294834
0.301760
0.296199

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-1000100200300January 1st3 years1 year6 months1 month5 daysToday

Technical


Technical analysis of CARDANO - ADA/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.271164 0.277291 0.291143 0.296199 0.296367 0.299448 0.307136
Change (%) -8.45% -6.38% -1.71% - +0.06% +1.10% +3.69%
Change -0.025035 -0.018908 -0.005056 - +0.000168 +0.003249 +0.010937
Level Intermediate Minor Intermediate - Minor Intermediate Minor



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
Standard0.2826260.2866180.2914770.2954690.3003280.3043200.309179
Camarilla0.2939010.2947120.2955240.2963350.2971460.2979580.298769
Woodie0.2830590.2868350.2919100.2956860.3007610.3045370.309612
Fibonacci0.2866180.2899990.2920880.2954690.2988500.3009390.304320


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2290270.2466630.2695600.2871960.3100930.3277290.350626
Camarilla0.2813090.2850250.2887410.2924560.2961720.2998870.303603
Woodie0.2316570.2479780.2721900.2885110.3127230.3290440.353256
Fibonacci0.2466630.2621470.2717130.2871960.3026800.3122460.327729


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0515220.1366080.2117160.2968020.3719100.4569960.532104
Camarilla0.2427700.2574540.2721390.2868230.3015080.3161920.330876
Woodie0.0465320.1341140.2067260.2943080.3669200.4545020.527114
Fibonacci0.1366080.1978020.2356080.2968020.3579960.3958020.456996

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Buy10
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 55.25
MACD (12,26,9): 0.0013
Directional Movement: 6.614622
AROON (14): 92.857143
DEMA (21): 0.297867
Parabolic SAR (0,02-0,02-0,2): 0.294883
Elder Ray (13): 0.000100
Super Trend (3,10): 0.291302
Zig ZAG (10): 0.297296
VORTEX (21): 1.0489
Stochastique (14,3,5): 66.07
TEMA (21): 0.297988
Williams %R (14): -59.66
Chande Momentum Oscillator (20): 0.001459
Repulse (5,40,3): -0.4872
ROCnROLL: 1
TRIX (15,9): 0.0647
Courbe Coppock: 1.84
MA7: 0.286629
MA20: 0.280751
MA50: 0.320622
MA100: 0.356587
MAexp7: 0.297263
MAexp20: 0.296081
MAexp50: 0.293574
MAexp100: 0.290642
Price / MA7: +3.34%
Price / MA20: +5.50%
Price / MA50: -7.62%
Price / MA100: -16.93%
Price / MAexp7: -0.36%
Price / MAexp20: +0.04%
Price / MAexp50: +0.89%
Price / MAexp100: +1.91%

Quotes : 07/04/2023 - 06:02 - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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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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