CARDANO - ADA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - Daily - Technical analysis published on 03/05/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 1.04 USDT

My targets

1.19 USDT (+5.49%)

1.55 USDT (+37.17%)

My analysis

The bullish trend is currently very strong on CARDANO - ADA/USDT. As long as the price remains above the support at 1.04 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.19 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.55 USDT as an objective. Crossing it would then enable buyers to target 1.74 USDT. 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.4

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 eatpez. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USDT rating is 1.13 USDT. The price registered an increase of +1.80% on the session and was traded between 1.04 USDT and 1.17 USDT over the period. The price is currently at +8.65% from its lowest and -3.42% from its highest.

1.04

1.17

1.13

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

Technical

Technical analysis of CARDANO - ADA/USDT in Daily shows a strongly overall bullish trend. 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 scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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
ProTrendLines	0.38	0.94	1.12	1.13
Change (%)	-66.37%	-16.81%	-0.88%	-
Change	-0.75	-0.19	-0.01	-
Level	Minor	Major	Minor	-

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	0.89	0.98	1.05	1.14	1.21	1.30	1.37
Camarilla	1.07	1.08	1.10	1.11	1.13	1.14	1.16
Woodie	0.87	0.97	1.03	1.13	1.19	1.29	1.35
Fibonacci	0.98	1.04	1.08	1.14	1.20	1.24	1.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.27	0.55	0.91	1.19	1.55	1.83	2.19
Camarilla	1.09	1.15	1.21	1.27	1.33	1.39	1.45
Woodie	0.31	0.57	0.95	1.21	1.59	1.85	2.23
Fibonacci	0.55	0.80	0.95	1.19	1.44	1.59	1.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.53	-0.10	0.61	1.04	1.74	2.18	2.88
Camarilla	1.00	1.10	1.21	1.31	1.42	1.52	1.62
Woodie	-0.40	-0.03	0.74	1.11	1.88	2.25	3.02
Fibonacci	-0.10	0.34	0.60	1.04	1.47	1.74	2.18

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):	59.94
MACD (12,26,9):	0.1400
Directional Movement:	2.68
AROON (14):	28.57
DEMA (21):	1.26
Parabolic SAR (0,02-0,02-0,2):	1.03
Elder Ray (13):	-0.04
Super Trend (3,10):	0.85
Zig ZAG (10):	1.12
VORTEX (21):	1.0500
Stochastique (14,3,5):	49.90
TEMA (21):	1.26
Williams %R (14):	-53.70
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	-4.0500
ROCnROLL:	-1
TRIX (15,9):	2.9400
Courbe Coppock:	55.94

MA7:	1.22
MA20:	1.07
MA50:	0.72
MA100:	0.46
MAexp7:	1.17
MAexp20:	1.07
MAexp50:	0.81
MAexp100:	0.58
Price / MA7:	-7.38%
Price / MA20:	+5.61%
Price / MA50:	+56.94%
Price / MA100:	+145.65%
Price / MAexp7:	-3.42%
Price / MAexp20:	+5.61%
Price / MAexp50:	+39.51%
Price / MAexp100:	+94.83%

Quotes : 2021-03-05 13:23:18 - Real time data - Cryptocompare

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

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