CARDANO - ADA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - Daily - Technical analysis published on 04/27/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 0.398640 USDT

My targets

0.435600 USDT (+5.07%)

0.452200 USDT (+9.07%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CARDANO - ADA/USDT as long as the price remains well above 0.398640 USDT. The buyers' bullish objective is set at 0.435600 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.452200 USDT. If there is any crossing, the next objective would be the resistance located at 1.211600 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

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

Additional analysis

Quotes

CARDANO - ADA/USDT rating 0.414600 USDT. On the day, this instrument gained +3.31% with the lowest point at 0.400800 USDT and the highest point at 0.415300 USDT. The deviation from the price is +3.44% for the low point and -0.17% for the high point.

0.400800

0.415300

0.414600

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

Technical

A technical analysis in Daily of this CARDANO - ADA/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.358220	0.382680	0.398640	0.414600	0.419621	0.435600	0.452200
Change (%)	-13.60%	-7.70%	-3.85%	-	+1.21%	+5.07%	+9.07%
Change	-0.056380	-0.031920	-0.015960	-	+0.005021	+0.021000	+0.037600
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.343867	0.361633	0.381467	0.399233	0.419067	0.436833	0.456667
Camarilla	0.390960	0.394407	0.397853	0.401300	0.404747	0.408193	0.411640
Woodie	0.344900	0.362150	0.382500	0.399750	0.420100	0.437350	0.457700
Fibonacci	0.361633	0.375997	0.384870	0.399233	0.413597	0.422470	0.436833

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.285800	0.332500	0.364100	0.410800	0.442400	0.489100	0.520700
Camarilla	0.374168	0.381345	0.388523	0.395700	0.402878	0.410055	0.417233
Woodie	0.278250	0.328725	0.356550	0.407025	0.434850	0.485325	0.513150
Fibonacci	0.332500	0.362411	0.380889	0.410800	0.440711	0.459189	0.489100

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.216933	0.257367	0.328133	0.368567	0.439333	0.479767	0.550533
Camarilla	0.368320	0.378513	0.388707	0.398900	0.409093	0.419287	0.429480
Woodie	0.232100	0.264950	0.343300	0.376150	0.454500	0.487350	0.565700
Fibonacci	0.257367	0.299845	0.326088	0.368567	0.411045	0.437288	0.479767

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):	55.49
MACD (12,26,9):	0.0041
Directional Movement:	4.577882
AROON (14):	-71.428572
DEMA (21):	0.410396
Parabolic SAR (0,02-0,02-0,2):	0.430590
Elder Ray (13):	0.004193
Super Trend (3,10):	0.447568
Zig ZAG (10):	0.414100
VORTEX (21):	1.0565
Stochastique (14,3,5):	31.68
TEMA (21):	0.404863
Williams %R (14):	-55.56
Chande Momentum Oscillator (20):	-0.038000
Repulse (5,40,3):	6.0004
ROCnROLL:	1
TRIX (15,9):	0.3253
Courbe Coppock:	6.53

MA7:	0.394186
MA20:	0.409990
MA50:	0.378092
MA100:	0.374379
MAexp7:	0.401935
MAexp20:	0.402467
MAexp50:	0.388331
MAexp100:	0.375564
Price / MA7:	+5.18%
Price / MA20:	+1.12%
Price / MA50:	+9.66%
Price / MA100:	+10.74%
Price / MAexp7:	+3.15%
Price / MAexp20:	+3.01%
Price / MAexp50:	+6.76%
Price / MAexp100:	+10.39%

Quotes : - Real time data - Cryptocompare

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

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