CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 12/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 1.21 USD

My targets

1.14 USD (-4.20%)

1.10 USD (-7.56%)

My analysis

The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.21 USD. The next bearish objective for sellers is set at 1.14 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.10 USD. In case of crossing, the next objective would be the support located at 1.07 USD. In the event of a bullish break in the resistance located at 1.21 USD a certain indecision would take hold.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.5

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 price is 1.19 USD. The price registered a decrease of -1.65% on the session with the lowest point at 1.17 USD and the highest point at 1.22 USD. The deviation from the price is +1.71% for the low point and -2.46% for the high point.

1.17

1.22

1.19

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

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 result:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of CARDANO - ADA/USD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.07	1.10	1.14	1.19	1.21	1.24	1.29
Change (%)	-10.08%	-7.56%	-4.20%	-	+1.68%	+4.20%	+8.40%
Change	-0.12	-0.09	-0.05	-	+0.02	+0.05	+0.10
Level	Minor	Minor	Intermediate	-	Intermediate	Major	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	1.14	1.16	1.19	1.21	1.24	1.26	1.29
Camarilla	1.20	1.20	1.21	1.21	1.22	1.22	1.22
Woodie	1.14	1.16	1.19	1.21	1.24	1.26	1.29
Fibonacci	1.16	1.18	1.19	1.21	1.23	1.24	1.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.77	0.90	1.06	1.19	1.35	1.48	1.64
Camarilla	1.13	1.16	1.18	1.21	1.24	1.26	1.29
Woodie	0.78	0.91	1.07	1.20	1.36	1.49	1.65
Fibonacci	0.90	1.01	1.08	1.19	1.30	1.37	1.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.28	0.02	0.55	0.85	1.38	1.68	2.21
Camarilla	0.85	0.93	1.00	1.08	1.16	1.23	1.31
Woodie	-0.17	0.08	0.67	0.91	1.50	1.74	2.33
Fibonacci	0.02	0.34	0.53	0.85	1.17	1.36	1.68

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):	40.44
MACD (12,26,9):	-0.0100
Directional Movement:	-10.98
AROON (14):	-57.15
DEMA (21):	1.19
Parabolic SAR (0,02-0,02-0,2):	1.22
Elder Ray (13):	-0.01
Super Trend (3,10):	1.17
Zig ZAG (10):	1.18
VORTEX (21):	0.9400
Stochastique (14,3,5):	13.31
TEMA (21):	1.19
Williams %R (14):	-73.97
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-0.7500
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	2.68

MA7:	1.20
MA20:	1.05
MA50:	0.69
MA100:	0.52
MAexp7:	1.19
MAexp20:	1.20
MAexp50:	1.20
MAexp100:	1.20
Price / MA7:	-0.83%
Price / MA20:	+13.33%
Price / MA50:	+72.46%
Price / MA100:	+128.85%
Price / MAexp7:	-0%
Price / MAexp20:	-0.83%
Price / MAexp50:	-0.83%
Price / MAexp100:	-0.83%

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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