CARDANO - ADA/USDT - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.357033 USDT
My targets
0.344122 USDT (-2.38%)
0.329755 USDT (-6.45%)
My analysis
The current short-term bearish acceleration registered on CARDANO - ADA/USDT should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.357033 USDT. Short-term sellers will use the support located at 0.344122 USDT as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.329755 USDT. Crossing this support would then open the door for sellers to target 0.316100 USDT. Caution, if there is a return to below 0.357033 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9
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Additional analysis
Quotes
CARDANO - ADA/USDT rating 0.352501 USDT. The price registered a decrease of -1.46% on the session and was traded between 0.345562 USDT and 0.386338 USDT over the period. The price is currently at +2.01% from its lowest and -8.76% from its highest.0.345562
0.386338
0.352501
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CARDANO - ADA/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CARDANO - ADA/USDT in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.296600 | 0.316100 | 0.329755 | 0.352501 | 0.357033 | 0.375656 | 0.382800 |
| Change (%) | -15.86% | -10.33% | -6.45% | - | +1.29% | +6.57% | +8.60% |
| Change | -0.055901 | -0.036401 | -0.022746 | - | +0.004532 | +0.023155 | +0.030299 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.339294 | 0.344006 | 0.350857 | 0.355569 | 0.362420 | 0.367132 | 0.373983 |
| Camarilla | 0.354528 | 0.355588 | 0.356648 | 0.357708 | 0.358768 | 0.359828 | 0.360888 |
| Woodie | 0.340364 | 0.344541 | 0.351927 | 0.356104 | 0.363490 | 0.367667 | 0.375053 |
| Fibonacci | 0.344006 | 0.348423 | 0.351152 | 0.355569 | 0.359986 | 0.362715 | 0.367132 |
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): | 41.36 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -15.959473 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.368895 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.383940 | |
| Elder Ray (13): | -0.008153 | |
| Super Trend (3,10): | 0.383062 | |
| Zig ZAG (10): | 0.355385 | |
| VORTEX (21): | 0.9854 | |
| Stochastique (14,3,5): | 35.02 | |
| TEMA (21): | 0.366570 | |
| Williams %R (14): | -78.52 | |
| Chande Momentum Oscillator (20): | -0.017483 | |
| Repulse (5,40,3): | -3.7013 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1407 | |
| Courbe Coppock: | 0.22 |
| MA7: | 0.346410 | |
| MA20: | 0.308941 | |
| MA50: | 0.274066 | |
| MA100: | 0.270836 | |
| MAexp7: | 0.364288 | |
| MAexp20: | 0.366623 | |
| MAexp50: | 0.361958 | |
| MAexp100: | 0.354271 | |
| Price / MA7: | +1.76% | |
| Price / MA20: | +14.10% | |
| Price / MA50: | +28.62% | |
| Price / MA100: | +30.15% | |
| Price / MAexp7: | -3.24% | |
| Price / MAexp20: | -3.85% | |
| Price / MAexp50: | -2.61% | |
| Price / MAexp100: | -0.50% |
Quotes :
-
Real time data
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Cryptocompare
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