CARDANO - ADA/USDT - Daily - Technical analysis published on 12/22/2023 (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
61%
11%
28%
My opinion
Bullish above 0.517608 USDT
My targets
0.667447 USDT (+3.07%)
0.788500 USDT (+21.76%)
My analysis
The bullish trend is currently very strong on CARDANO - ADA/USDT. As long as the price remains above the support at 0.517608 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.667447 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.788500 USDT as an objective. Crossing it would then enable buyers to target 1.211600 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USDT price is 0.647560 USDT. The price has increased by +1.94% since the last closing with the lowest point at 0.635157 USDT and the highest point at 0.648569 USDT. The deviation from the price is +1.95% for the low point and -0.16% for the high point.0.635157
0.648569
0.647560
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this CARDANO - ADA/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.248297 | 0.297540 | 0.356566 | 0.647560 | 0.667447 | 0.788500 | 1.211600 |
| Change (%) | -61.66% | -54.05% | -44.94% | - | +3.07% | +21.76% | +87.10% |
| Change | -0.399263 | -0.350020 | -0.290994 | - | +0.019887 | +0.140940 | +0.564040 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 0.540633 | 0.561237 | 0.598233 | 0.618837 | 0.655833 | 0.676437 | 0.713433 |
| Camarilla | 0.619389 | 0.624669 | 0.629949 | 0.635229 | 0.640509 | 0.645789 | 0.651069 |
| Woodie | 0.548829 | 0.565335 | 0.606429 | 0.622935 | 0.664029 | 0.680535 | 0.721629 |
| Fibonacci | 0.561237 | 0.583240 | 0.596834 | 0.618837 | 0.640840 | 0.654434 | 0.676437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.370757 | 0.446652 | 0.527275 | 0.603170 | 0.683793 | 0.759688 | 0.840311 |
| Camarilla | 0.564855 | 0.579202 | 0.593550 | 0.607897 | 0.622245 | 0.636592 | 0.650940 |
| Woodie | 0.373120 | 0.447834 | 0.529638 | 0.604352 | 0.686156 | 0.760870 | 0.842674 |
| Fibonacci | 0.446652 | 0.506442 | 0.543381 | 0.603170 | 0.662960 | 0.699899 | 0.759688 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.223860 | 0.267653 | 0.321776 | 0.365569 | 0.419692 | 0.463485 | 0.517608 |
| Camarilla | 0.348973 | 0.357949 | 0.366924 | 0.375900 | 0.384876 | 0.393851 | 0.402827 |
| Woodie | 0.229026 | 0.270236 | 0.326942 | 0.368152 | 0.424858 | 0.466068 | 0.522774 |
| Fibonacci | 0.267653 | 0.305057 | 0.328165 | 0.365569 | 0.402973 | 0.426081 | 0.463485 |
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): | 67.77 | |
| MACD (12,26,9): | 0.0567 | |
| Directional Movement: | 17.473296 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.634416 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.656970 | |
| Elder Ray (13): | 0.053470 | |
| Super Trend (3,10): | 0.497815 | |
| Zig ZAG (10): | 0.642866 | |
| VORTEX (21): | 1.2372 | |
| Stochastique (14,3,5): | 73.45 | |
| TEMA (21): | 0.648754 | |
| Williams %R (14): | -24.10 | |
| Chande Momentum Oscillator (20): | 0.046662 | |
| Repulse (5,40,3): | 6.7986 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.8638 | |
| Courbe Coppock: | 60.13 |
| MA7: | 0.604877 | |
| MA20: | 0.556085 | |
| MA50: | 0.445634 | |
| MA100: | 0.353160 | |
| MAexp7: | 0.611290 | |
| MAexp20: | 0.559080 | |
| MAexp50: | 0.468766 | |
| MAexp100: | 0.400639 | |
| Price / MA7: | +7.06% | |
| Price / MA20: | +16.45% | |
| Price / MA50: | +45.31% | |
| Price / MA100: | +83.36% | |
| Price / MAexp7: | +5.90% | |
| Price / MAexp20: | +15.79% | |
| Price / MAexp50: | +38.10% | |
| Price / MAexp100: | +61.59% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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