CARDANO - ADA/USD - 15 min. - Technical analysis published on 11/24/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 1.08 USD
My targets
0.97 USD (-3.00%)
0.95 USD (-5.00%)
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 under the resistance located at 1.08 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.97 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.95 USD as an objective. Crossing it would then enable sellers to target 0.88 USD. If the resistance 1.08 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish 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
2.9
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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 rating is 1.00 USD. On the day, this instrument lost -6.54% with the lowest point at 0.94 USD and the highest point at 1.10 USD. The deviation from the price is +6.38% for the low point and -9.09% for the high point.0.94
1.10
1.00
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.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
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
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of CARDANO - ADA/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.78 | 0.85 | 0.93 | 1.00 | 1.21 |
| Change (%) | -22.37% | -14.66% | -6.80% | - | +20.87% |
| Change | -0.22 | -0.15 | -0.07 | - | +0.21 |
| 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 | 0.88 | 0.95 | 1.01 | 1.08 | 1.14 | 1.21 | 1.27 |
| Camarilla | 1.03 | 1.05 | 1.06 | 1.07 | 1.08 | 1.09 | 1.11 |
| Woodie | 0.88 | 0.95 | 1.01 | 1.08 | 1.14 | 1.21 | 1.27 |
| Fibonacci | 0.95 | 1.00 | 1.03 | 1.08 | 1.13 | 1.16 | 1.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.33 | 0.51 | 0.79 | 0.97 | 1.25 | 1.43 | 1.71 |
| Camarilla | 0.94 | 0.99 | 1.03 | 1.07 | 1.11 | 1.15 | 1.20 |
| Woodie | 0.38 | 0.54 | 0.84 | 1.00 | 1.30 | 1.46 | 1.76 |
| Fibonacci | 0.51 | 0.69 | 0.79 | 0.97 | 1.15 | 1.25 | 1.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.19 | 0.25 | 0.30 | 0.36 | 0.41 | 0.47 | 0.52 |
| Camarilla | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 |
| Woodie | 0.18 | 0.25 | 0.29 | 0.36 | 0.40 | 0.47 | 0.51 |
| Fibonacci | 0.25 | 0.30 | 0.32 | 0.36 | 0.41 | 0.43 | 0.47 |
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): | 40.95 | |
| MACD (12,26,9): | -0.0134 | |
| Directional Movement: | -6.97 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 0.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.98 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.01 | |
| Zig ZAG (10): | 0.97 | |
| VORTEX (21): | 1.0498 | |
| Stochastique (14,3,5): | 49.63 | |
| TEMA (21): | 0.96 | |
| Williams %R (14): | -49.54 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.0097 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2293 | |
| Courbe Coppock: | 2.84 |
| MA7: | 0.88 | |
| MA20: | 0.66 | |
| MA50: | 0.47 | |
| MA100: | 0.41 | |
| MAexp7: | 0.97 | |
| MAexp20: | 0.98 | |
| MAexp50: | 1.01 | |
| MAexp100: | 1.03 | |
| Price / MA7: | +13.82% | |
| Price / MA20: | +50.61% | |
| Price / MA50: | +110.70% | |
| Price / MA100: | +141.25% | |
| Price / MAexp7: | +3.23% | |
| Price / MAexp20: | +2.22% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -2.45% |
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.
About author
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