CARDANO - ADA/USDT - 1H - Technical analysis published on 08/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.293200 USDT
My targets
0.304740 USDT (+2.23%)
0.311780 USDT (+4.59%)
My analysis
The bullish trend is currently very strong on CARDANO - ADA/USDT. As long as the price remains above the support at 0.293200 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.304740 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.311780 USDT as an objective. Crossing it would then enable buyers to target 0.315300 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, 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
7.1
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USDT rating is 0.298100 USDT. The price registered an increase of +0.24% on the session with the lowest point at 0.297500 USDT and the highest point at 0.299000 USDT. The deviation from the price is +0.20% for the low point and -0.30% for the high point.0.297500
0.299000
0.298100
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USDT:
Technical
Technical analysis of this 1H chart of CARDANO - ADA/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
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 | 0.290455 | 0.293200 | 0.297000 | 0.298100 | 0.304740 | 0.311780 | 0.315300 |
| Change (%) | -2.56% | -1.64% | -0.37% | - | +2.23% | +4.59% | +5.77% |
| Change | -0.007645 | -0.004900 | -0.001100 | - | +0.006640 | +0.013680 | +0.017200 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 0.277767 | 0.283733 | 0.290567 | 0.296533 | 0.303367 | 0.309333 | 0.316167 |
| Camarilla | 0.293880 | 0.295053 | 0.296227 | 0.297400 | 0.298573 | 0.299747 | 0.300920 |
| Woodie | 0.278200 | 0.283950 | 0.291000 | 0.296750 | 0.303800 | 0.309550 | 0.316600 |
| Fibonacci | 0.283733 | 0.288623 | 0.291644 | 0.296533 | 0.301423 | 0.304444 | 0.309333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.253433 | 0.271467 | 0.282633 | 0.300667 | 0.311833 | 0.329867 | 0.341033 |
| Camarilla | 0.285770 | 0.288447 | 0.291123 | 0.293800 | 0.296477 | 0.299153 | 0.301830 |
| Woodie | 0.250000 | 0.269750 | 0.279200 | 0.298950 | 0.308400 | 0.328150 | 0.337600 |
| Fibonacci | 0.271467 | 0.282621 | 0.289512 | 0.300667 | 0.311821 | 0.318712 | 0.329867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.162733 | 0.219467 | 0.263233 | 0.319967 | 0.363733 | 0.420467 | 0.464233 |
| Camarilla | 0.279363 | 0.288575 | 0.297788 | 0.307000 | 0.316213 | 0.325425 | 0.334638 |
| Woodie | 0.156250 | 0.216225 | 0.256750 | 0.316725 | 0.357250 | 0.417225 | 0.457750 |
| Fibonacci | 0.219467 | 0.257858 | 0.281576 | 0.319967 | 0.358358 | 0.382076 | 0.420467 |
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): | 59.02 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 15.057165 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.298859 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.302084 | |
| Elder Ray (13): | 0.000724 | |
| Super Trend (3,10): | 0.293611 | |
| Zig ZAG (10): | 0.298500 | |
| VORTEX (21): | 1.1322 | |
| Stochastique (14,3,5): | 57.74 | |
| TEMA (21): | 0.299981 | |
| Williams %R (14): | -40.40 | |
| Chande Momentum Oscillator (20): | 0.005500 | |
| Repulse (5,40,3): | -0.4075 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0907 | |
| Courbe Coppock: | 4.35 |
| MA7: | 0.294114 | |
| MA20: | 0.303860 | |
| MA50: | 0.299534 | |
| MA100: | 0.322307 | |
| MAexp7: | 0.298327 | |
| MAexp20: | 0.296506 | |
| MAexp50: | 0.294466 | |
| MAexp100: | 0.294594 | |
| Price / MA7: | +1.36% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -7.51% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +1.23% | |
| Price / MAexp100: | +1.19% |
Quotes :
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Real time data
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