CARDANO - ADA/USD - Weekly - Technical analysis published on 12/09/2024 (GMT)
- 127
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above
My targets
()
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 . The next resistance located at 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 1.01 USD. The price is lower by -15.37% over the 5 days with the lowest point at 0.91 USD and the highest point at 1.24 USD. The deviation from the price is +10.99% for the low point and -18.84% for the high point.0.91
1.24
1.01
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CARDANO - ADA/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this CARDANO - ADA/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.46 | 0.57 | 0.77 | 1.01 | 1.21 |
| Change (%) | -54.46% | -43.56% | -23.76% | - | +19.80% |
| Change | -0.55 | -0.44 | -0.24 | - | +0.20 |
| Level | Intermediate | Minor | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.40 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 27.83 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 0.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.61 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 0.68 | |
| Zig ZAG (10): | 1.01 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 85.30 | |
| TEMA (21): | 0.96 | |
| Williams %R (14): | -31.60 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 11.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.9200 | |
| Courbe Coppock: | 296.37 |
| MA7: | 1.17 | |
| MA20: | 1.07 | |
| MA50: | 0.70 | |
| MA100: | 0.53 | |
| MAexp7: | 0.90 | |
| MAexp20: | 0.65 | |
| MAexp50: | 0.53 | |
| MAexp100: | 0.50 | |
| Price / MA7: | -13.68% | |
| Price / MA20: | -5.61% | |
| Price / MA50: | +44.29% | |
| Price / MA100: | +90.57% | |
| Price / MAexp7: | +12.22% | |
| Price / MAexp20: | +55.38% | |
| Price / MAexp50: | +90.57% | |
| Price / MAexp100: | +102.00% |
Quotes :
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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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