CARDANO - ADA/USD - 1H - Technical analysis published on 09/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.257863 USD
My targets
0.250268 USD (-1.59%)
My analysis
CARDANO - ADA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.257863 USD. The next support located at 0.250268 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The CARDANO - ADA/USD price is 0.254303 USD. On the day, this instrument lost -0.75% and was between 0.253107 USD and 0.256811 USD. This implies that the price is at +0.47% from its lowest and at -0.98% from its highest.0.253107
0.256811
0.254303
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.250268 | 0.254303 | 0.257863 | 0.260895 | 0.266428 |
| Change (%) | -1.59% | - | +1.40% | +2.59% | +4.77% |
| Change | -0.004035 | - | +0.003560 | +0.006592 | +0.012125 |
| Level | Intermediate | - | Major | Minor | 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 | 0.250508 | 0.252122 | 0.254166 | 0.255780 | 0.257824 | 0.259438 | 0.261482 |
| Camarilla | 0.255205 | 0.255540 | 0.255876 | 0.256211 | 0.256546 | 0.256882 | 0.257217 |
| Woodie | 0.250724 | 0.252230 | 0.254382 | 0.255888 | 0.258040 | 0.259546 | 0.261698 |
| Fibonacci | 0.252122 | 0.253519 | 0.254382 | 0.255780 | 0.257177 | 0.258040 | 0.259438 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.215078 | 0.232673 | 0.244442 | 0.262037 | 0.273806 | 0.291401 | 0.303170 |
| Camarilla | 0.248136 | 0.250828 | 0.253519 | 0.256211 | 0.258903 | 0.261594 | 0.264286 |
| Woodie | 0.212165 | 0.231217 | 0.241529 | 0.260581 | 0.270893 | 0.289945 | 0.300257 |
| Fibonacci | 0.232673 | 0.243890 | 0.250820 | 0.262037 | 0.273254 | 0.280184 | 0.291401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.150991 | 0.195678 | 0.225445 | 0.270132 | 0.299899 | 0.344586 | 0.374353 |
| Camarilla | 0.234736 | 0.241561 | 0.248386 | 0.255211 | 0.262036 | 0.268861 | 0.275686 |
| Woodie | 0.143530 | 0.191948 | 0.217984 | 0.266402 | 0.292438 | 0.340856 | 0.366892 |
| Fibonacci | 0.195678 | 0.224120 | 0.241691 | 0.270132 | 0.298574 | 0.316145 | 0.344586 |
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): | 42.86 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -3.878772 | |
| AROON (14): | -57.142858 | |
| DEMA (21): | 0.254239 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.254838 | |
| Elder Ray (13): | -0.000417 | |
| Super Trend (3,10): | 0.257228 | |
| Zig ZAG (10): | 0.253910 | |
| VORTEX (21): | 0.9620 | |
| Stochastique (14,3,5): | 22.61 | |
| TEMA (21): | 0.254032 | |
| Williams %R (14): | -73.11 | |
| Chande Momentum Oscillator (20): | -0.002392 | |
| Repulse (5,40,3): | -0.0634 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0149 | |
| Courbe Coppock: | 1.11 |
| MA7: | 0.260917 | |
| MA20: | 0.264110 | |
| MA50: | 0.287934 | |
| MA100: | 0.296925 | |
| MAexp7: | 0.254226 | |
| MAexp20: | 0.254734 | |
| MAexp50: | 0.255599 | |
| MAexp100: | 0.257419 | |
| Price / MA7: | -2.53% | |
| Price / MA20: | -3.71% | |
| Price / MA50: | -11.68% | |
| Price / MA100: | -14.35% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -1.21% |
Quotes :
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Real time data
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