CARDANO - ADA/USDT - 1H - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.117700 USDT
My targets
0.105600 USDT (-5.80%)
0.095554 USDT (-14.76%)
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 0.117700 USDT. The next support located at 0.105600 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 0.095554 USDT. Below this support, sellers could then target 0.077590 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.9
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This analysis was given by Monocle360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USDT rating is 0.112100 USDT. On the day, this instrument lost -1.93% and was traded between 0.111400 USDT and 0.115600 USDT over the period. The price is currently at +0.63% from its lowest and -3.03% from its highest.0.111400
0.115600
0.112100
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CARDANO - ADA/USDT in 1H shows a overall strongly bearish trend. 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.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.095554 | 0.105600 | 0.111440 | 0.112100 | 0.117700 | 0.126185 | 0.134400 |
| Change (%) | -14.76% | -5.80% | -0.59% | - | +5.00% | +12.56% | +19.89% |
| Change | -0.016546 | -0.006500 | -0.000660 | - | +0.005600 | +0.014085 | +0.022300 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 0.104300 | 0.107300 | 0.110800 | 0.113800 | 0.117300 | 0.120300 | 0.123800 |
| Camarilla | 0.112513 | 0.113108 | 0.113704 | 0.114300 | 0.114896 | 0.115492 | 0.116088 |
| Woodie | 0.104550 | 0.107425 | 0.111050 | 0.113925 | 0.117550 | 0.120425 | 0.124050 |
| Fibonacci | 0.107300 | 0.109783 | 0.111317 | 0.113800 | 0.116283 | 0.117817 | 0.120300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.087867 | 0.103133 | 0.114167 | 0.129433 | 0.140467 | 0.155733 | 0.166767 |
| Camarilla | 0.117968 | 0.120378 | 0.122789 | 0.125200 | 0.127611 | 0.130022 | 0.132433 |
| Woodie | 0.085750 | 0.102075 | 0.112050 | 0.128375 | 0.138350 | 0.154675 | 0.164650 |
| Fibonacci | 0.103133 | 0.113180 | 0.119387 | 0.129433 | 0.139480 | 0.145687 | 0.155733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.024483 | 0.053487 | 0.096193 | 0.125197 | 0.167903 | 0.196907 | 0.239613 |
| Camarilla | 0.119180 | 0.125753 | 0.132327 | 0.138900 | 0.145473 | 0.152047 | 0.158620 |
| Woodie | 0.031335 | 0.056913 | 0.103045 | 0.128623 | 0.174755 | 0.200333 | 0.246465 |
| Fibonacci | 0.053487 | 0.080880 | 0.097803 | 0.125197 | 0.152590 | 0.169514 | 0.196907 |
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): | 38.86 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -14.840034 | |
| AROON (14): | -85.714287 | |
| DEMA (21): | 0.112732 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.116294 | |
| Elder Ray (13): | -0.001445 | |
| Super Trend (3,10): | 0.111269 | |
| Zig ZAG (10): | 0.112000 | |
| VORTEX (21): | 0.9726 | |
| Stochastique (14,3,5): | 11.87 | |
| TEMA (21): | 0.112903 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.003900 | |
| Repulse (5,40,3): | -0.9522 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0469 | |
| Courbe Coppock: | 3.37 |
| MA7: | 0.118857 | |
| MA20: | 0.131845 | |
| MA50: | 0.132314 | |
| MA100: | 0.106158 | |
| MAexp7: | 0.112756 | |
| MAexp20: | 0.113615 | |
| MAexp50: | 0.115421 | |
| MAexp100: | 0.118450 | |
| Price / MA7: | -5.68% | |
| Price / MA20: | -14.98% | |
| Price / MA50: | -15.28% | |
| Price / MA100: | +5.60% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | -2.88% | |
| Price / MAexp100: | -5.36% |
Quotes :
2020-08-27 08:04:42
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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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