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 - Daily - Technical analysis published on 11/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.88 USD

My targets

1.21 USD (+13.91%)

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 0.88 USD. The next resistance located at 1.21 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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

8.9

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 1.06 USD. The price registered an increase of +4.16% on the session and was between 1.02 USD and 1.15 USD. This implies that the price is at +4.27% from its lowest and at -8.06% from its highest.

1.02

1.15

1.06

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 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 notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of CARDANO - ADA/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.67	0.74	0.78	1.06	1.21
Change (%)	-37.10%	-30.07%	-26.84%	-	+13.91%
Change	-0.39	-0.32	-0.28	-	+0.15
Level	Minor	Minor	Major	-	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.64	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	89.29
MACD (12,26,9):	0.1449
Directional Movement:	54.58
AROON (14):	100.00
DEMA (21):	0.86
Parabolic SAR (0,02-0,02-0,2):	0.73
Elder Ray (13):	0.32
Super Trend (3,10):	0.81
Zig ZAG (10):	1.05
VORTEX (21):	1.3888
Stochastique (14,3,5):	91.62
TEMA (21):	0.95
Williams %R (14):	-14.82
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	19.9165
ROCnROLL:	1
TRIX (15,9):	3.3568
Courbe Coppock:	188.52

MA7:	0.84
MA20:	0.63
MA50:	0.46
MA100:	0.41
MAexp7:	0.87
MAexp20:	0.69
MAexp50:	0.53
MAexp100:	0.46
Price / MA7:	+26.61%
Price / MA20:	+68.11%
Price / MA50:	+129.67%
Price / MA100:	+160.06%
Price / MAexp7:	+21.86%
Price / MAexp20:	+54.70%
Price / MAexp50:	+100.03%
Price / MAexp100:	+130.23%

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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