CARDANO - ADA/USD - 1H - Technical analysis published on 11/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.01 USD
My targets
1.20 USD (+12.75%)
1.21 USD (+13.55%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CARDANO - ADA/USD. As long as you are above the support located at 1.01 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.20 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.21 USD as an objective. If the support 1.01 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD price is 1.06 USD. The price registered an increase of +4.49% on the session and was traded between 1.02 USD and 1.15 USD over the period. The price is currently at +4.61% from its lowest and -7.76% from its highest.1.02
1.15
1.06
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
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
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
Abnormal volumes on CARDANO - ADA/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CARDANO - ADA/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. 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 bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.78 | 0.85 | 0.93 | 1.06 | 1.21 |
| Change (%) | -27.07% | -19.83% | -12.44% | - | +13.55% |
| Change | -0.29 | -0.21 | -0.13 | - | +0.14 |
| Level | Major | Intermediate | 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 | 0.64 | 0.73 | 0.87 | 0.96 | 1.10 | 1.19 | 1.34 |
| Camarilla | 0.95 | 0.98 | 1.00 | 1.02 | 1.04 | 1.06 | 1.08 |
| Woodie | 0.67 | 0.74 | 0.90 | 0.97 | 1.13 | 1.21 | 1.37 |
| Fibonacci | 0.73 | 0.82 | 0.87 | 0.96 | 1.05 | 1.10 | 1.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.23 | 0.36 | 0.55 | 0.68 | 0.88 | 1.01 | 1.20 |
| Camarilla | 0.65 | 0.68 | 0.71 | 0.74 | 0.77 | 0.80 | 0.83 |
| Woodie | 0.26 | 0.37 | 0.58 | 0.70 | 0.90 | 1.02 | 1.23 |
| Fibonacci | 0.36 | 0.48 | 0.56 | 0.68 | 0.81 | 0.89 | 1.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.17 | 0.24 | 0.29 | 0.36 | 0.41 | 0.48 | 0.53 |
| Camarilla | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 |
| Woodie | 0.16 | 0.24 | 0.28 | 0.36 | 0.40 | 0.48 | 0.52 |
| Fibonacci | 0.24 | 0.29 | 0.32 | 0.36 | 0.41 | 0.44 | 0.48 |
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): | 51.01 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | -0.19 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.14 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.02 | |
| Zig ZAG (10): | 1.05 | |
| VORTEX (21): | 1.0453 | |
| Stochastique (14,3,5): | 27.14 | |
| TEMA (21): | 1.07 | |
| Williams %R (14): | -74.98 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.4045 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4615 | |
| Courbe Coppock: | 3.57 |
| MA7: | 0.84 | |
| MA20: | 0.63 | |
| MA50: | 0.46 | |
| MA100: | 0.41 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.06 | |
| MAexp50: | 1.00 | |
| MAexp100: | 0.92 | |
| Price / MA7: | +27.01% | |
| Price / MA20: | +68.65% | |
| Price / MA50: | +130.41% | |
| Price / MA100: | +160.90% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +6.68% | |
| Price / MAexp100: | +15.77% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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