CARDANO - ADA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - Weekly - Technical analysis published on 01/06/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.238367 USDT

My targets

0.389400 USDT (+25.49%)

My analysis

The bullish trend is currently very strong on CARDANO - ADA/USDT. As long as the price remains above the support at 0.238367 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.389400 USDT. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USDT price is 0.310300 USDT. Over 5 days, this instrument gained +71.15% and has been traded over the last 5 days between 0.168600 USDT and 0.249200 USDT. This implies that the 5 day price is +84.05% from its lowest point and +24.52% from its highest point.

0.168600

0.249200

0.310300

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of CARDANO - ADA/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.025695	0.097870	0.148900	0.310300	0.389400
Change (%)	-91.72%	-68.46%	-52.01%	-	+25.49%
Change	-0.284605	-0.212430	-0.161400	-	+0.079100
Level	Minor	Intermediate	Intermediate	-	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.166033	0.186667	0.222733	0.243367	0.279433	0.300067	0.336133
Camarilla	0.243208	0.248405	0.253603	0.258800	0.263998	0.269195	0.274393
Woodie	0.173750	0.190525	0.230450	0.247225	0.287150	0.303925	0.343850
Fibonacci	0.186667	0.208326	0.221707	0.243367	0.265026	0.278407	0.300067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.105400	0.127600	0.152500	0.174700	0.199600	0.221800	0.246700
Camarilla	0.164448	0.168765	0.173083	0.177400	0.181718	0.186035	0.190353
Woodie	0.106750	0.128275	0.153850	0.175375	0.200950	0.222475	0.248050
Fibonacci	0.127600	0.145592	0.156708	0.174700	0.192692	0.203808	0.221800

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.069833	0.098367	0.139833	0.168367	0.209833	0.238367	0.279833
Camarilla	0.162050	0.168467	0.174883	0.181300	0.187717	0.194133	0.200550
Woodie	0.076300	0.101600	0.146300	0.171600	0.216300	0.241600	0.286300
Fibonacci	0.098367	0.125107	0.141627	0.168367	0.195107	0.211627	0.238367

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):	82.83
MACD (12,26,9):	0.0313
Directional Movement:	39.512351
AROON (14):	64.285713
DEMA (21):	0.182238
Parabolic SAR (0,02-0,02-0,2):	0.102354
Elder Ray (13):	0.095624
Super Trend (3,10):	0.127231
Zig ZAG (10):	0.301700
VORTEX (21):	1.0691
Stochastique (14,3,5):	80.85
TEMA (21):	0.200084
Williams %R (14):	-17.13
Chande Momentum Oscillator (20):	0.195700
Repulse (5,40,3):	61.0105
ROCnROLL:	1
TRIX (15,9):	2.5361
Courbe Coppock:	163.58

MA7:	0.217643
MA20:	0.182045
MA50:	0.162458
MA100:	0.132256
MAexp7:	0.190557
MAexp20:	0.146513
MAexp50:	0.111159
MAexp100:	0.093932
Price / MA7:	+42.57%
Price / MA20:	+70.45%
Price / MA50:	+91.00%
Price / MA100:	+134.62%
Price / MAexp7:	+62.89%
Price / MAexp20:	+111.86%
Price / MAexp50:	+179.24%
Price / MAexp100:	+230.45%

Quotes : 2021-01-06 17:50:04 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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