CARDANO - ADA/USD - 1H - Technical analysis published on 09/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.325336 USD
My targets
0.312151 USD (-3.13%)
0.305383 USD (-5.23%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.325336 USD remains possible. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.325336 USD. The next bearish objective for sellers is set at 0.312151 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.305383 USD. In case of crossing, the next objective would be the support located at 0.244852 USD. PS: if there is a bullish break in the resistance located at 0.325336 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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 0.322238 USD. The price registered a decrease of -0.36% on the session with the lowest point at 0.319384 USD and the highest point at 0.325442 USD. The deviation from the price is +0.89% for the low point and -0.98% for the high point.0.319384
0.325442
0.322238
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
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Technical
Technical analysis of this 1H chart of CARDANO - ADA/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.244852 | 0.305383 | 0.312151 | 0.322238 | 0.325336 | 0.340163 | 0.349309 |
| Change (%) | -24.02% | -5.23% | -3.13% | - | +0.96% | +5.56% | +8.40% |
| Change | -0.077386 | -0.016855 | -0.010087 | - | +0.003098 | +0.017925 | +0.027071 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.285450 | 0.295417 | 0.309416 | 0.319383 | 0.333382 | 0.343349 | 0.357348 |
| Camarilla | 0.316825 | 0.319022 | 0.321219 | 0.323416 | 0.325613 | 0.327810 | 0.330007 |
| Woodie | 0.287467 | 0.296425 | 0.311433 | 0.320391 | 0.335399 | 0.344357 | 0.359365 |
| Fibonacci | 0.295417 | 0.304572 | 0.310228 | 0.319383 | 0.328538 | 0.334194 | 0.343349 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.265245 | 0.301142 | 0.323085 | 0.358982 | 0.380925 | 0.416822 | 0.438765 |
| Camarilla | 0.329121 | 0.334423 | 0.339725 | 0.345027 | 0.350329 | 0.355631 | 0.360933 |
| Woodie | 0.258267 | 0.297654 | 0.316107 | 0.355494 | 0.373947 | 0.413334 | 0.431787 |
| Fibonacci | 0.301142 | 0.323237 | 0.336888 | 0.358982 | 0.381077 | 0.394728 | 0.416822 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.155471 | 0.216063 | 0.280545 | 0.341137 | 0.405619 | 0.466211 | 0.530693 |
| Camarilla | 0.310632 | 0.322097 | 0.333562 | 0.345027 | 0.356492 | 0.367957 | 0.379422 |
| Woodie | 0.157416 | 0.217036 | 0.282490 | 0.342110 | 0.407564 | 0.467184 | 0.532638 |
| Fibonacci | 0.216063 | 0.263841 | 0.293359 | 0.341137 | 0.388915 | 0.418433 | 0.466211 |
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): | 45.17 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -3.895472 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.322013 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.327835 | |
| Elder Ray (13): | -0.000907 | |
| Super Trend (3,10): | 0.314834 | |
| Zig ZAG (10): | 0.320958 | |
| VORTEX (21): | 1.0272 | |
| Stochastique (14,3,5): | 22.23 | |
| TEMA (21): | 0.322831 | |
| Williams %R (14): | -82.22 | |
| Chande Momentum Oscillator (20): | -0.002382 | |
| Repulse (5,40,3): | -0.5639 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0092 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.331763 | |
| MA20: | 0.350739 | |
| MA50: | 0.366185 | |
| MA100: | 0.388759 | |
| MAexp7: | 0.321909 | |
| MAexp20: | 0.322139 | |
| MAexp50: | 0.323896 | |
| MAexp100: | 0.329300 | |
| Price / MA7: | -2.87% | |
| Price / MA20: | -8.13% | |
| Price / MA50: | -12.00% | |
| Price / MA100: | -17.11% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -2.14% |
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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