CARDANO - ADA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

CARDANO - ADA/USDT - Daily - Technical analysis published on 11/06/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.316100 USDT

My targets

0.357033 USDT (+3.33%)

0.382760 USDT (+10.78%)

My analysis

CARDANO - ADA/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.316100 USDT. The next resistance located at 0.357033 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.382760 USDT. After this resistance, buyers could then target 0.410000 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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

Additional analysis

Quotes

The CARDANO - ADA/USDT price is 0.345523 USDT. The price registered an increase of +1.07% on the session with the lowest point at 0.341407 USDT and the highest point at 0.349555 USDT. The deviation from the price is +1.21% for the low point and -1.15% for the high point.

0.341407

0.349555

0.345523

Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USDT:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CARDANO - ADA/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.265957	0.296600	0.316100	0.345523	0.357033	0.382760	0.410000
Change (%)	-23.03%	-14.16%	-8.52%	-	+3.33%	+10.78%	+18.66%
Change	-0.079566	-0.048923	-0.029423	-	+0.011510	+0.037237	+0.064477
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.304661	0.315348	0.328616	0.339303	0.352571	0.363258	0.376526
Camarilla	0.335295	0.337491	0.339687	0.341883	0.344079	0.346275	0.348471
Woodie	0.305951	0.315993	0.329906	0.339948	0.353861	0.363903	0.377816
Fibonacci	0.315348	0.324499	0.330153	0.339303	0.348454	0.354108	0.363258

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.251724	0.268013	0.297923	0.314212	0.344122	0.360411	0.390321
Camarilla	0.315128	0.319363	0.323598	0.327833	0.332068	0.336303	0.340538
Woodie	0.258535	0.271418	0.304734	0.317617	0.350933	0.363816	0.397132
Fibonacci	0.268013	0.285661	0.296564	0.314212	0.331860	0.342763	0.360411

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.188225	0.213832	0.253387	0.278994	0.318549	0.344156	0.383711
Camarilla	0.275024	0.280997	0.286970	0.292943	0.298916	0.304889	0.310863
Woodie	0.195200	0.217319	0.260362	0.282481	0.325524	0.347643	0.390686
Fibonacci	0.213832	0.238724	0.254102	0.278994	0.303886	0.319264	0.344156

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):	83.28
MACD (12,26,9):	0.0210
Directional Movement:	30.200008
AROON (14):	92.857143
DEMA (21):	0.325118
Parabolic SAR (0,02-0,02-0,2):	0.310621
Elder Ray (13):	0.033373
Super Trend (3,10):	0.301192
Zig ZAG (10):	0.345396
VORTEX (21):	1.3156
Stochastique (14,3,5):	93.74
TEMA (21):	0.339358
Williams %R (14):	-6.02
Chande Momentum Oscillator (20):	0.064603
Repulse (5,40,3):	7.5917
ROCnROLL:	1
TRIX (15,9):	0.8338
Courbe Coppock:	45.87

MA7:	0.323883
MA20:	0.291873
MA50:	0.267579
MA100:	0.269339
MAexp7:	0.326680
MAexp20:	0.300269
MAexp50:	0.279665
MAexp100:	0.279104
Price / MA7:	+6.68%
Price / MA20:	+18.38%
Price / MA50:	+29.13%
Price / MA100:	+28.29%
Price / MAexp7:	+5.77%
Price / MAexp20:	+15.07%
Price / MAexp50:	+23.55%
Price / MAexp100:	+23.80%

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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