CARDANO - ADA/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 11/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.009142 USD

My targets

1.200188 USD (+7.69%)

1.208660 USD (+8.45%)

My analysis

CARDANO - ADA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.009142 USD. The next resistance located at 1.200188 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.208660 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USD rating is 1.114519 USD. The price registered an increase of +9.41% on the session and was between 1.017599 USD and 1.154048 USD. This implies that the price is at +9.52% from its lowest and at -3.43% from its highest.

1.017599

1.154048

1.114519

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.776314	0.818556	0.848188	1.114519	1.208660
Change (%)	-30.35%	-26.56%	-23.90%	-	+8.45%
Change	-0.338205	-0.295963	-0.266331	-	+0.094141
Level	Major	Minor	Intermediate	-	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	0.640959	0.727233	0.872964	0.959238	1.104969	1.191243	1.336974
Camarilla	0.954894	0.976161	0.997428	1.018695	1.039962	1.061229	1.082496
Woodie	0.670688	0.742097	0.902693	0.974102	1.134698	1.206107	1.366703
Fibonacci	0.727233	0.815859	0.870612	0.959238	1.047864	1.102617	1.191243

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.226340	0.359910	0.550956	0.684526	0.875572	1.009142	1.200188
Camarilla	0.652734	0.682490	0.712247	0.742003	0.771760	0.801516	0.831272
Woodie	0.255079	0.374279	0.579695	0.698895	0.904311	1.023511	1.228927
Fibonacci	0.359910	0.483913	0.560522	0.684526	0.808529	0.885138	1.009142

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.174594	0.244941	0.293147	0.363494	0.411700	0.482047	0.530253
Camarilla	0.308752	0.319619	0.330487	0.341354	0.352221	0.363089	0.373956
Woodie	0.163525	0.239406	0.282078	0.357959	0.400631	0.476512	0.519184
Fibonacci	0.244941	0.290228	0.318206	0.363494	0.408781	0.436759	0.482047

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):	82.42
MACD (12,26,9):	0.0599
Directional Movement:	50.150209
AROON (14):	85.714286
DEMA (21):	1.047770
Parabolic SAR (0,02-0,02-0,2):	1.004966
Elder Ray (13):	0.105996
Super Trend (3,10):	1.005120
Zig ZAG (10):	1.113886
VORTEX (21):	1.3301
Stochastique (14,3,5):	86.83
TEMA (21):	1.081676
Williams %R (14):	-10.71
Chande Momentum Oscillator (20):	0.226063
Repulse (5,40,3):	9.0269
ROCnROLL:	1
TRIX (15,9):	0.7582
Courbe Coppock:	33.77

MA7:	0.849015
MA20:	0.634398
MA50:	0.463318
MA100:	0.408660
MAexp7:	1.051262
MAexp20:	0.974839
MAexp50:	0.899197
MAexp100:	0.840819
Price / MA7:	+31.27%
Price / MA20:	+75.68%
Price / MA50:	+140.55%
Price / MA100:	+172.73%
Price / MAexp7:	+6.02%
Price / MAexp20:	+14.33%
Price / MAexp50:	+23.95%
Price / MAexp100:	+32.55%

Quotes : - Real time data - Cryptocompare

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

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