CARDANO - ADA/USD - 1H - Technical analysis published on 08/27/2024 (GMT)
- 211
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.378083 USD
My targets
0.348340 USD (-4.58%)
0.335406 USD (-8.12%)
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 0.378083 USD. The sellers' bearish objective is set at 0.348340 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.335406 USD. In case of crossing, the next objective would be the support located at 0.328054 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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.
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 0.365041 USD. The price is lower by -0.32% since the last closing with the lowest point at 0.359825 USD and the highest point at 0.372787 USD. The deviation from the price is +1.45% for the low point and -2.08% for the high point.0.359825
0.372787
0.365041
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CARDANO - ADA/USD chart shows a sharp 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.335406 | 0.348340 | 0.364190 | 0.365041 | 0.378083 | 0.391532 | 0.401729 |
| Change (%) | -8.12% | -4.58% | -0.23% | - | +3.57% | +7.26% | +10.05% |
| Change | -0.029635 | -0.016701 | -0.000851 | - | +0.013042 | +0.026491 | +0.036688 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.336207 | 0.350915 | 0.358568 | 0.373276 | 0.380929 | 0.395637 | 0.403290 |
| Camarilla | 0.360073 | 0.362123 | 0.364172 | 0.366222 | 0.368272 | 0.370322 | 0.372371 |
| Woodie | 0.332681 | 0.349151 | 0.355042 | 0.371512 | 0.377403 | 0.393873 | 0.399764 |
| Fibonacci | 0.350915 | 0.359457 | 0.364734 | 0.373276 | 0.381818 | 0.387095 | 0.395637 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.273748 | 0.300901 | 0.347423 | 0.374576 | 0.421098 | 0.448251 | 0.494773 |
| Camarilla | 0.373684 | 0.380438 | 0.387192 | 0.393945 | 0.400699 | 0.407452 | 0.414206 |
| Woodie | 0.283433 | 0.305743 | 0.357108 | 0.379418 | 0.430783 | 0.453093 | 0.504458 |
| Fibonacci | 0.300901 | 0.329045 | 0.346432 | 0.374576 | 0.402720 | 0.420107 | 0.448251 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.254581 | 0.308715 | 0.348435 | 0.402569 | 0.442289 | 0.496423 | 0.536143 |
| Camarilla | 0.362344 | 0.370947 | 0.379551 | 0.388154 | 0.396757 | 0.405361 | 0.413964 |
| Woodie | 0.247373 | 0.305112 | 0.341227 | 0.398966 | 0.435081 | 0.492820 | 0.528935 |
| Fibonacci | 0.308715 | 0.344568 | 0.366717 | 0.402569 | 0.438422 | 0.460571 | 0.496423 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.96 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -4.521783 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.362735 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.360298 | |
| Elder Ray (13): | -0.000792 | |
| Super Trend (3,10): | 0.374431 | |
| Zig ZAG (10): | 0.363941 | |
| VORTEX (21): | 0.9688 | |
| Stochastique (14,3,5): | 46.18 | |
| TEMA (21): | 0.363580 | |
| Williams %R (14): | -59.35 | |
| Chande Momentum Oscillator (20): | -0.002043 | |
| Repulse (5,40,3): | -0.3694 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1070 | |
| Courbe Coppock: | 2.00 |
| MA7: | 0.377983 | |
| MA20: | 0.352073 | |
| MA50: | 0.381267 | |
| MA100: | 0.401106 | |
| MAexp7: | 0.364419 | |
| MAexp20: | 0.366028 | |
| MAexp50: | 0.371146 | |
| MAexp100: | 0.373709 | |
| Price / MA7: | -3.42% | |
| Price / MA20: | +3.68% | |
| Price / MA50: | -4.26% | |
| Price / MA100: | -8.99% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -2.32% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CARDANO - ADA/USD - 1H