CARDANO - ADA/USDT

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
ISIN:

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

Timeframe : Weekly
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Neutral between 0.250161 USDT and 0.383711 USDT

My targets

My analysis

The short-term increase on CARDANO - ADA/USDT remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.383711 USDT. The first support is located at 0.250161 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

CARDANO - ADA/USDT rating 0.345298 USDT. Over 5 days, this instrument gained +17.87% with the lowest point at 0.298292 USDT and the highest point at 0.349555 USDT. The deviation from the price is +15.76% for the low point and -1.22% for the high point.

0.298292

0.349555

0.345298

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

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

Technical analysis of this Weekly chart of CARDANO - ADA/USDT indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Weekly

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.250161	0.345298	1.211600	2.289800	2.966000
Change (%)	-27.55%	-	+250.89%	+563.14%	+758.97%
Change	-0.095137	-	+0.866302	+1.944502	+2.620702
Level	Major	-	Minor	Minor	Major

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):	59.52
MACD (12,26,9):	-0.0101
Directional Movement:	12.506927
AROON (14):	57.142857
DEMA (21):	0.273282
Parabolic SAR (0,02-0,02-0,2):	0.376516
Elder Ray (13):	0.048663
Super Trend (3,10):	0.244335
Zig ZAG (10):	0.345396
VORTEX (21):	1.1119
Stochastique (14,3,5):	88.15
TEMA (21):	0.291627
Williams %R (14):	-4.06
Chande Momentum Oscillator (20):	0.075096
Repulse (5,40,3):	24.3093
ROCnROLL:	-1
TRIX (15,9):	-0.9904
Courbe Coppock:	2.27

MA7:	0.323883
MA20:	0.291873
MA50:	0.267579
MA100:	0.269339
MAexp7:	0.298453
MAexp20:	0.292662
MAexp50:	0.357725
MAexp100:	0.487834
Price / MA7:	+6.61%
Price / MA20:	+18.30%
Price / MA50:	+29.05%
Price / MA100:	+28.20%
Price / MAexp7:	+15.70%
Price / MAexp20:	+17.99%
Price / MAexp50:	-3.47%
Price / MAexp100:	-29.22%

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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