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CARDANO - ADA/USD
CARDANO - ADA/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 11/24/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 0.97 USD
My targets
1.21 USD (+17.70%)
My analysis
The basic trend is bullish on CARDANO - ADA/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 0.97 USD. Sellers would then use the next support located at 0.93 USD as an objective. Crossing it would then enable sellers to target 0.85 USD. If there is a return to above the resistance located at 1.21 USD, this would be a sign of a reversal in the basic bullish trend.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0

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.

jarias81197
This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CARDANO - ADA/USD rating 1.03 USD. On the day, this instrument lost -3.76% and was traded between 1.01 USD and 1.10 USD over the period. The price is currently at +1.36% from its lowest and -6.54% from its highest.

1.01
1.10
1.03

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.

Central Gaps

Bearish opening

Type : Bearish

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 the following items:

Central Records

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:

Central Volumes

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. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.78 0.85 0.93 1.03 1.21
Change (%) -24.40% -16.89% -9.24% - +17.70%
Change -0.25 -0.17 -0.09 - +0.18
Level Major Intermediate Minor - Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.870.941.011.081.141.221.28
Camarilla1.031.041.051.071.081.091.10
Woodie0.860.941.001.081.141.211.27
Fibonacci0.941.001.031.081.131.161.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.330.510.790.971.251.431.71
Camarilla0.940.981.021.071.111.151.19
Woodie0.370.530.841.001.301.461.76
Fibonacci0.510.690.790.971.151.261.43


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.170.240.290.360.410.480.53
Camarilla0.310.320.330.340.350.360.37
Woodie0.160.240.280.360.400.480.52
Fibonacci0.240.290.320.360.410.440.48

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): 44.23
MACD (12,26,9): -0.0001
Directional Movement: -5.80
AROON (14): -57.14
DEMA (21): 1.07
Parabolic SAR (0,02-0,02-0,2): 1.11
Elder Ray (13): -0.02
Super Trend (3,10): 1.02
Zig ZAG (10): 1.04
VORTEX (21): 0.9133
Stochastique (14,3,5): 14.24
TEMA (21): 1.04
Williams %R (14): -92.85
Chande Momentum Oscillator (20): -0.03
Repulse (5,40,3): -2.4463
ROCnROLL: -1
TRIX (15,9): 0.0859
Courbe Coppock: 3.84
MA7: 0.89
MA20: 0.67
MA50: 0.48
MA100: 0.42
MAexp7: 1.05
MAexp20: 1.06
MAexp50: 1.03
MAexp100: 0.96
Price / MA7: +15.66%
Price / MA20: +53.84%
Price / MA50: +115.72%
Price / MA100: +147.30%
Price / MAexp7: -2.12%
Price / MAexp20: -3.14%
Price / MAexp50: +0.08%
Price / MAexp100: +7.51%

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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