CARDANO - ADA/USD - 1H - Technical analysis published on 07/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.307136 USD
My targets
0.300157 USD (-1.15%)
0.278765 USD (-8.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CARDANO - ADA/USD as long as the price remains well below 0.307136 USD. The sellers' bearish objective is set at 0.300157 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.278765 USD. In case of crossing, the next objective would be the support located at 0.260902 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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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 0.303647 USD. The price is lower by -0.06% since the last closing and was traded between 0.301007 USD and 0.304159 USD over the period. The price is currently at +0.88% from its lowest and -0.17% from its highest.0.301007
0.304159
0.303647
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Technical
Technical analysis of CARDANO - ADA/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.260902 | 0.278765 | 0.300157 | 0.303647 | 0.307136 | 0.313731 | 0.318940 |
| Change (%) | -14.08% | -8.19% | -1.15% | - | +1.15% | +3.32% | +5.04% |
| Change | -0.042745 | -0.024882 | -0.003490 | - | +0.003489 | +0.010084 | +0.015293 |
| Level | Major | Minor | Intermediate | - | 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 | 0.294870 | 0.298137 | 0.300977 | 0.304244 | 0.307084 | 0.310351 | 0.313191 |
| Camarilla | 0.302139 | 0.302698 | 0.303258 | 0.303818 | 0.304378 | 0.304938 | 0.305497 |
| Woodie | 0.294658 | 0.298030 | 0.300765 | 0.304137 | 0.306872 | 0.310244 | 0.312979 |
| Fibonacci | 0.298137 | 0.300470 | 0.301911 | 0.304244 | 0.306577 | 0.308018 | 0.310351 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.264473 | 0.282357 | 0.296138 | 0.314022 | 0.327803 | 0.345687 | 0.359468 |
| Camarilla | 0.301212 | 0.304115 | 0.307017 | 0.309920 | 0.312823 | 0.315725 | 0.318628 |
| Woodie | 0.262423 | 0.281331 | 0.294088 | 0.312996 | 0.325753 | 0.344661 | 0.357418 |
| Fibonacci | 0.282357 | 0.294453 | 0.301926 | 0.314022 | 0.326118 | 0.333591 | 0.345687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.089948 | 0.155822 | 0.221345 | 0.287219 | 0.352742 | 0.418616 | 0.484139 |
| Camarilla | 0.250735 | 0.262780 | 0.274824 | 0.286869 | 0.298914 | 0.310959 | 0.323003 |
| Woodie | 0.089774 | 0.155734 | 0.221171 | 0.287131 | 0.352568 | 0.418528 | 0.483965 |
| Fibonacci | 0.155822 | 0.206015 | 0.237025 | 0.287219 | 0.337412 | 0.368422 | 0.418616 |
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): | 38.06 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -8.207879 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.302575 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.307383 | |
| Elder Ray (13): | -0.001546 | |
| Super Trend (3,10): | 0.306931 | |
| Zig ZAG (10): | 0.301316 | |
| VORTEX (21): | 0.9587 | |
| Stochastique (14,3,5): | 15.40 | |
| TEMA (21): | 0.302753 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.003521 | |
| Repulse (5,40,3): | -0.7342 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0319 | |
| Courbe Coppock: | 0.99 |
| MA7: | 0.309481 | |
| MA20: | 0.308263 | |
| MA50: | 0.292803 | |
| MA100: | 0.336205 | |
| MAexp7: | 0.302811 | |
| MAexp20: | 0.303757 | |
| MAexp50: | 0.305795 | |
| MAexp100: | 0.308602 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | +3.70% | |
| Price / MA100: | -9.68% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -1.61% |
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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