CARDANO - ADA/USD - 1H - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.04 USD
My targets
0.94 USD (-6.93%)
0.90 USD (-10.59%)
My analysis
The bearish trend is currently very strong for CARDANO - ADA/USD. As long as the price remains below the resistance at 1.04 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.94 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.90 USD as an objective. Crossing it would then enable sellers to target 0.77 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 1.01 USD. The price registered a decrease of -15.13% on the session and was between 0.91 USD and 1.19 USD. This implies that the price is at +10.99% from its lowest and at -15.13% from its highest.0.91
1.19
1.01
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
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 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.57 | 0.77 | 0.94 | 1.01 | 1.04 | 1.07 | 1.10 |
| Change (%) | -43.56% | -23.76% | -6.93% | - | +2.97% | +5.94% | +8.91% |
| Change | -0.44 | -0.24 | -0.07 | - | +0.03 | +0.06 | +0.09 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 1.12 | 1.14 | 1.17 | 1.19 | 1.22 | 1.24 | 1.27 |
| Camarilla | 1.18 | 1.18 | 1.19 | 1.19 | 1.20 | 1.20 | 1.20 |
| Woodie | 1.12 | 1.14 | 1.17 | 1.19 | 1.22 | 1.24 | 1.27 |
| Fibonacci | 1.14 | 1.16 | 1.17 | 1.19 | 1.21 | 1.22 | 1.24 |
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): | 24.70 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -38.79 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 1.09 | |
| Zig ZAG (10): | 1.01 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 40.07 | |
| TEMA (21): | 1.03 | |
| Williams %R (14): | -61.49 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 14.99 |
| MA7: | 1.17 | |
| MA20: | 1.07 | |
| MA50: | 0.70 | |
| MA100: | 0.53 | |
| MAexp7: | 1.05 | |
| MAexp20: | 1.10 | |
| MAexp50: | 1.14 | |
| MAexp100: | 1.16 | |
| Price / MA7: | -13.68% | |
| Price / MA20: | -5.61% | |
| Price / MA50: | +44.29% | |
| Price / MA100: | +90.57% | |
| Price / MAexp7: | -3.81% | |
| Price / MAexp20: | -8.18% | |
| Price / MAexp50: | -11.40% | |
| Price / MAexp100: | -12.93% |
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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