CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 10/06/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

17%

28%

My opinion

Neutral between 0.342676 USD and 0.356135 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 0.342676 USD. The first resistance is located at 0.356135 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 price is 0.350745 USD. The price registered a decrease of -0.03% on the session with the lowest point at 0.347805 USD and the highest point at 0.352456 USD. The deviation from the price is +0.85% for the low point and -0.49% for the high point.

0.347805

0.352456

0.350745

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CARDANO - ADA/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R 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:

Resistance of channel is broken

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:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.332480	0.342676	0.349789	0.350745	0.356135	0.370476	0.393810
Change (%)	-5.21%	-2.30%	-0.27%	-	+1.54%	+5.63%	+12.28%
Change	-0.018265	-0.008069	-0.000956	-	+0.005390	+0.019731	+0.043065
Level	Intermediate	Intermediate	Minor	-	Minor	Minor	Intermediate

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	0.334701	0.339951	0.345407	0.350657	0.356113	0.361363	0.366819
Camarilla	0.347920	0.348901	0.349883	0.350864	0.351845	0.352827	0.353808
Woodie	0.334805	0.340003	0.345511	0.350709	0.356217	0.361415	0.366923
Fibonacci	0.339951	0.344040	0.346567	0.350657	0.354746	0.357273	0.361363

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.248804	0.290642	0.320753	0.362591	0.392702	0.434540	0.464651
Camarilla	0.331078	0.337673	0.344269	0.350864	0.357459	0.364055	0.370650
Woodie	0.242941	0.287710	0.314890	0.359659	0.386839	0.431608	0.458788
Fibonacci	0.290642	0.318127	0.335107	0.362591	0.390076	0.407056	0.434540

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.200023	0.251723	0.312531	0.364231	0.425039	0.476739	0.537547
Camarilla	0.342399	0.352713	0.363026	0.373339	0.383652	0.393966	0.404279
Woodie	0.204577	0.254000	0.317085	0.366508	0.429593	0.479016	0.542101
Fibonacci	0.251723	0.294701	0.321253	0.364231	0.407209	0.433761	0.476739

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):	50.69
MACD (12,26,9):	-0.0003
Directional Movement:	-3.189400
AROON (14):	-71.428572
DEMA (21):	0.349414
Parabolic SAR (0,02-0,02-0,2):	0.346762
Elder Ray (13):	0.000366
Super Trend (3,10):	0.354765
Zig ZAG (10):	0.350729
VORTEX (21):	1.0174
Stochastique (14,3,5):	46.47
TEMA (21):	0.349296
Williams %R (14):	-32.64
Chande Momentum Oscillator (20):	-0.001064
Repulse (5,40,3):	0.3635
ROCnROLL:	1
TRIX (15,9):	-0.0198
Courbe Coppock:	0.03

MA7:	0.352496
MA20:	0.364646
MA50:	0.354679
MA100:	0.369373
MAexp7:	0.349786
MAexp20:	0.349777
MAexp50:	0.350247
MAexp100:	0.353349
Price / MA7:	-0.50%
Price / MA20:	-3.81%
Price / MA50:	-1.11%
Price / MA100:	-5.04%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.14%
Price / MAexp100:	-0.74%

Quotes : - Real time data - Cryptocompare

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

About author

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…