CARDANO - ADA/USDT - Daily - Technical analysis published on 09/15/2023 (GMT)
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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
22%
33%
44%
My opinion
Bearish under 0.272889 USDT
My targets
0.227067 USDT (-7.51%)
0.198733 USDT (-19.05%)
My analysis
The bearish trend is currently very strong for CARDANO - ADA/USDT. As long as the price remains below the resistance at 0.272889 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.227067 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.198733 USDT as an objective. Crossing it would then enable sellers to target 0.156367 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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Additional analysis
Quotes
The CARDANO - ADA/USDT price is 0.245500 USDT. The price registered a decrease of -2.31% on the session and was traded between 0.245300 USDT and 0.255100 USDT over the period. The price is currently at +0.08% from its lowest and -3.76% from its highest.0.245300
0.255100
0.245500
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USDT:
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.245500 | 0.272889 | 0.357033 | 0.382733 |
| Change (%) | - | +11.16% | +45.43% | +55.90% |
| Change | - | +0.027389 | +0.111533 | +0.137233 |
| Level | - | Minor | Intermediate | 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 | 0.241700 | 0.244100 | 0.247700 | 0.250100 | 0.253700 | 0.256100 | 0.259700 |
| Camarilla | 0.249650 | 0.250200 | 0.250750 | 0.251300 | 0.251850 | 0.252400 | 0.252950 |
| Woodie | 0.242300 | 0.244400 | 0.248300 | 0.250400 | 0.254300 | 0.256400 | 0.260300 |
| Fibonacci | 0.244100 | 0.246392 | 0.247808 | 0.250100 | 0.252392 | 0.253808 | 0.256100 |
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): | 37.05 | |
| MACD (12,26,9): | -0.0071 | |
| Directional Movement: | -6.672600 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.245372 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.267546 | |
| Elder Ray (13): | -0.001200 | |
| Super Trend (3,10): | 0.268652 | |
| Zig ZAG (10): | 0.245900 | |
| VORTEX (21): | 0.9223 | |
| Stochastique (14,3,5): | 47.12 | |
| TEMA (21): | 0.245623 | |
| Williams %R (14): | -61.11 | |
| Chande Momentum Oscillator (20): | -0.009900 | |
| Repulse (5,40,3): | -2.5544 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4047 | |
| Courbe Coppock: | 9.09 |
| MA7: | 0.247929 | |
| MA20: | 0.255580 | |
| MA50: | 0.273524 | |
| MA100: | 0.283037 | |
| MAexp7: | 0.248927 | |
| MAexp20: | 0.255299 | |
| MAexp50: | 0.269764 | |
| MAexp100: | 0.288467 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -3.94% | |
| Price / MA50: | -10.25% | |
| Price / MA100: | -13.26% | |
| Price / MAexp7: | -1.38% | |
| Price / MAexp20: | -3.84% | |
| Price / MAexp50: | -8.99% | |
| Price / MAexp100: | -14.89% |
Quotes :
-
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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