CARDANO - ADA/USDT - 1H - Technical analysis published on 12/02/2021 (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
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.62 USDT
My targets
1.70 USDT (+1.80%)
1.75 USDT (+4.79%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CARDANO - ADA/USDT as long as the price remains well above 1.62 USDT. The buyers' bullish objective is set at 1.70 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.75 USDT. If there is any crossing, the next objective would be the resistance located at 1.98 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARDANO - ADA/USDT rating 1.67 USDT. On the day, this instrument gained +7.74% and was between 1.52 USDT and 1.74 USDT. This implies that the price is at +9.87% from its lowest and at -4.02% from its highest.1.52
1.74
1.67
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CARDANO - ADA/USDT in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.53 | 1.58 | 1.62 | 1.67 | 1.70 | 1.75 | 1.98 |
| Change (%) | -8.38% | -5.39% | -2.99% | - | +1.80% | +4.79% | +18.56% |
| Change | -0.14 | -0.09 | -0.05 | - | +0.03 | +0.08 | +0.31 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 1.42 | 1.48 | 1.51 | 1.57 | 1.60 | 1.66 | 1.69 |
| Camarilla | 1.53 | 1.53 | 1.54 | 1.55 | 1.56 | 1.57 | 1.58 |
| Woodie | 1.42 | 1.47 | 1.51 | 1.56 | 1.60 | 1.65 | 1.69 |
| Fibonacci | 1.48 | 1.51 | 1.53 | 1.57 | 1.60 | 1.62 | 1.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.97 | 1.23 | 1.39 | 1.65 | 1.81 | 2.07 | 2.23 |
| Camarilla | 1.43 | 1.46 | 1.50 | 1.54 | 1.58 | 1.62 | 1.66 |
| Woodie | 0.91 | 1.21 | 1.33 | 1.63 | 1.75 | 2.05 | 2.17 |
| Fibonacci | 1.23 | 1.39 | 1.49 | 1.65 | 1.81 | 1.91 | 2.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.23 | 0.82 | 1.19 | 1.78 | 2.15 | 2.74 | 3.11 |
| Camarilla | 1.29 | 1.37 | 1.46 | 1.55 | 1.64 | 1.73 | 1.81 |
| Woodie | 0.11 | 0.77 | 1.07 | 1.73 | 2.03 | 2.69 | 2.99 |
| Fibonacci | 0.82 | 1.19 | 1.42 | 1.78 | 2.15 | 2.38 | 2.74 |
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): | 73.29 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 34.98 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 1.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.57 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 1.61 | |
| Zig ZAG (10): | 1.69 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 82.43 | |
| TEMA (21): | 1.66 | |
| Williams %R (14): | -23.42 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 2.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 11.74 |
| MA7: | 1.58 | |
| MA20: | 1.76 | |
| MA50: | 1.95 | |
| MA100: | 2.19 | |
| MAexp7: | 1.65 | |
| MAexp20: | 1.60 | |
| MAexp50: | 1.59 | |
| MAexp100: | 1.58 | |
| Price / MA7: | +5.70% | |
| Price / MA20: | -5.11% | |
| Price / MA50: | -14.36% | |
| Price / MA100: | -23.74% | |
| Price / MAexp7: | +1.21% | |
| Price / MAexp20: | +4.38% | |
| Price / MAexp50: | +5.03% | |
| Price / MAexp100: | +5.70% |
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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