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 09/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 0.261000 USDT

My targets

0.227067 USDT (-8.92%)

0.198733 USDT (-20.28%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CARDANO - ADA/USDT as long as the price remains well below 0.261000 USDT. The sellers' bearish objective is set at 0.227067 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.198733 USDT. In case of crossing, the next objective would be the support located at 0.156367 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

6.8

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

Additional analysis

Quotes

The CARDANO - ADA/USDT rating is 0.249300 USDT. On the day, this instrument lost -1.58% with the lowest point at 0.244400 USDT and the highest point at 0.253200 USDT. The deviation from the price is +2.00% for the low point and -1.54% for the high point.

0.244400

0.253200

0.249300

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

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CARDANO - ADA/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.249300	0.261000	0.296600	0.357033
Change (%)	-	+4.69%	+18.97%	+43.21%
Change	-	+0.011700	+0.047300	+0.107733
Level	-	Minor	Minor	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	0.249633	0.251367	0.252333	0.254067	0.255033	0.256767	0.257733
Camarilla	0.252558	0.252805	0.253053	0.253300	0.253548	0.253795	0.254043
Woodie	0.249250	0.251175	0.251950	0.253875	0.254650	0.256575	0.257350
Fibonacci	0.251367	0.252398	0.253035	0.254067	0.255098	0.255735	0.256767

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.242933	0.247767	0.250533	0.255367	0.258133	0.262967	0.265733
Camarilla	0.251210	0.251907	0.252603	0.253300	0.253997	0.254693	0.255390
Woodie	0.241900	0.247250	0.249500	0.254850	0.257100	0.262450	0.264700
Fibonacci	0.247767	0.250670	0.252464	0.255367	0.258270	0.260064	0.262967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.156367	0.198733	0.227067	0.269433	0.297767	0.340133	0.368467
Camarilla	0.235958	0.242438	0.248919	0.255400	0.261881	0.268362	0.274843
Woodie	0.149350	0.195225	0.220050	0.265925	0.290750	0.336625	0.361450
Fibonacci	0.198733	0.225741	0.242426	0.269433	0.296441	0.313126	0.340133

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):	33.93
MACD (12,26,9):	-0.0071
Directional Movement:	-11.361463
AROON (14):	-85.714286
DEMA (21):	0.250822
Parabolic SAR (0,02-0,02-0,2):	0.277504
Elder Ray (13):	-0.008408
Super Trend (3,10):	0.272813
Zig ZAG (10):	0.249400
VORTEX (21):	0.8860
Stochastique (14,3,5):	13.80
TEMA (21):	0.250917
Williams %R (14):	-86.08
Chande Momentum Oscillator (20):	-0.023400
Repulse (5,40,3):	-1.6934
ROCnROLL:	2
TRIX (15,9):	-0.4065
Courbe Coppock:	7.49

MA7:	0.255186
MA20:	0.259660
MA50:	0.279674
MA100:	0.288503
MAexp7:	0.254410
MAexp20:	0.260716
MAexp50:	0.274851
MAexp100:	0.292758
Price / MA7:	-2.31%
Price / MA20:	-3.99%
Price / MA50:	-10.86%
Price / MA100:	-13.59%
Price / MAexp7:	-2.01%
Price / MAexp20:	-4.38%
Price / MAexp50:	-9.30%
Price / MAexp100:	-14.84%

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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