CARDANO - ADA/USDT - 15 min. - Technical analysis published on 02/20/2024 (GMT)
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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:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.628007 USDT
My targets
0.604211 USDT (-2.14%)
0.593680 USDT (-3.84%)
My analysis
CARDANO - ADA/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.628007 USDT. The next support located at 0.604211 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.593680 USDT. Below this support, sellers could then target 0.579051 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARDANO - ADA/USDT rating 0.617405 USDT. On the day, this instrument lost -2.11% with the lowest point at 0.615133 USDT and the highest point at 0.641330 USDT. The deviation from the price is +0.37% for the low point and -3.73% for the high point.0.615133
0.641330
0.617405
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CARDANO - ADA/USDT indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.565253 | 0.579051 | 0.613438 | 0.617405 | 0.627412 | 0.638766 | 0.662118 |
| Change (%) | -8.45% | -6.21% | -0.64% | - | +1.62% | +3.46% | +7.24% |
| Change | -0.052152 | -0.038354 | -0.003967 | - | +0.010007 | +0.021361 | +0.044713 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.593680 | 0.604211 | 0.617476 | 0.628007 | 0.641272 | 0.651803 | 0.665068 |
| Camarilla | 0.624198 | 0.626379 | 0.628561 | 0.630742 | 0.632923 | 0.635105 | 0.637286 |
| Woodie | 0.595048 | 0.604895 | 0.618844 | 0.628691 | 0.642640 | 0.652487 | 0.666436 |
| Fibonacci | 0.604211 | 0.613301 | 0.618917 | 0.628007 | 0.637097 | 0.642713 | 0.651803 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.472724 | 0.501769 | 0.555647 | 0.584692 | 0.638570 | 0.667615 | 0.721493 |
| Camarilla | 0.586722 | 0.594324 | 0.601925 | 0.609526 | 0.617127 | 0.624729 | 0.632330 |
| Woodie | 0.485142 | 0.507977 | 0.568065 | 0.590900 | 0.650988 | 0.673823 | 0.733911 |
| Fibonacci | 0.501769 | 0.533445 | 0.553015 | 0.584692 | 0.616368 | 0.635938 | 0.667615 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.228755 | 0.338243 | 0.417954 | 0.527442 | 0.607153 | 0.716641 | 0.796352 |
| Camarilla | 0.445636 | 0.462980 | 0.480323 | 0.497666 | 0.515009 | 0.532353 | 0.549696 |
| Woodie | 0.213868 | 0.330799 | 0.403067 | 0.519998 | 0.592266 | 0.709197 | 0.781465 |
| Fibonacci | 0.338243 | 0.410517 | 0.455168 | 0.527442 | 0.599716 | 0.644367 | 0.716641 |
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): | 36.84 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -11.589253 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.625031 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.636759 | |
| Elder Ray (13): | -0.007384 | |
| Super Trend (3,10): | 0.635127 | |
| Zig ZAG (10): | 0.617405 | |
| VORTEX (21): | 0.9550 | |
| Stochastique (14,3,5): | 8.13 | |
| TEMA (21): | 0.623234 | |
| Williams %R (14): | -98.85 | |
| Chande Momentum Oscillator (20): | -0.011787 | |
| Repulse (5,40,3): | -1.2226 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0023 | |
| Courbe Coppock: | 1.88 |
| MA7: | 0.608717 | |
| MA20: | 0.552612 | |
| MA50: | 0.533618 | |
| MA100: | 0.514623 | |
| MAexp7: | 0.623185 | |
| MAexp20: | 0.626690 | |
| MAexp50: | 0.627705 | |
| MAexp100: | 0.627470 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | +11.72% | |
| Price / MA50: | +15.70% | |
| Price / MA100: | +19.97% | |
| Price / MAexp7: | -0.93% | |
| Price / MAexp20: | -1.48% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -1.60% |
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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