CARDANO - ADA/USDT - 15 min. - Technical analysis published on 02/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 0.628007 USDT
My targets
0.617476 USDT (-1.50%)
0.604211 USDT (-3.61%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CARDANO - ADA/USDT as long as the price remains well below 0.628007 USDT. The next bearish objective for sellers is set at 0.617476 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.604211 USDT. If there is any crossing, the next objective would be the support located at 0.593680 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
3.6
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USDT rating is 0.626870 USDT. The price is lower by -0.61% since the last closing and was between 0.615133 USDT and 0.641330 USDT. This implies that the price is at +1.91% from its lowest and at -2.25% from its highest.0.615133
0.641330
0.626870
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USDT:
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. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.565253 | 0.579051 | 0.613438 | 0.626870 | 0.627412 | 0.638766 | 0.662118 |
| Change (%) | -9.83% | -7.63% | -2.14% | - | +0.09% | +1.90% | +5.62% |
| Change | -0.061617 | -0.047819 | -0.013432 | - | +0.000542 | +0.011896 | +0.035248 |
| 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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.41 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -0.068969 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.625119 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.631441 | |
| Elder Ray (13): | -0.000398 | |
| Super Trend (3,10): | 0.635127 | |
| Zig ZAG (10): | 0.624053 | |
| VORTEX (21): | 0.8559 | |
| Stochastique (14,3,5): | 38.97 | |
| TEMA (21): | 0.624065 | |
| Williams %R (14): | -69.41 | |
| Chande Momentum Oscillator (20): | -0.004022 | |
| Repulse (5,40,3): | -0.8651 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0147 | |
| Courbe Coppock: | 1.65 |
| MA7: | 0.609991 | |
| MA20: | 0.553061 | |
| MA50: | 0.533803 | |
| MA100: | 0.514713 | |
| MAexp7: | 0.625286 | |
| MAexp20: | 0.626756 | |
| MAexp50: | 0.627626 | |
| MAexp100: | 0.627461 | |
| Price / MA7: | +2.77% | |
| Price / MA20: | +13.35% | |
| Price / MA50: | +17.43% | |
| Price / MA100: | +21.79% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.09% |
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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