CARDANO - ADA/USDT

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Type:	Cryptocurrencies
Ticker:	ADAUSDT
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CARDANO - ADA/USDT - Daily - Technical analysis published on 11/17/2024 (GMT)

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Londinia

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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%

11%

My opinion

Bullish above 0.667447 USDT

My targets

0.775291 USDT (+7.31%)

1.011643 USDT (+40.02%)

My analysis

The bullish trend is currently very strong on CARDANO - ADA/USDT. As long as the price remains above the support at 0.667447 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.775291 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.011643 USDT as an objective. Crossing it would then enable buyers to target 1.212000 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

8.6

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CARDANO - ADA/USDT rating 0.722488 USDT. The price registered a decrease of -2.58% on the session with the lowest point at 0.691556 USDT and the highest point at 0.776566 USDT. The deviation from the price is +4.47% for the low point and -6.96% for the high point.

0.691556

0.776566

0.722488

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily chart of CARDANO - ADA/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently 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

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.502030	0.565200	0.667447	0.722488	0.775291	1.212000
Change (%)	-30.51%	-21.77%	-7.62%	-	+7.31%	+67.75%
Change	-0.220458	-0.157288	-0.055041	-	+0.052803	+0.489512
Level	Minor	Minor	Minor	-	Intermediate	Intermediate

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	0.574918	0.638995	0.690300	0.754377	0.805682	0.869759	0.921064
Camarilla	0.709874	0.720451	0.731027	0.741604	0.752181	0.762757	0.773334
Woodie	0.568531	0.635802	0.683913	0.751184	0.799295	0.866566	0.914677
Fibonacci	0.638995	0.683071	0.710301	0.754377	0.798453	0.825683	0.869759

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.220209	0.355229	0.548416	0.683436	0.876623	1.011643	1.204830
Camarilla	0.651347	0.681433	0.711518	0.741604	0.771690	0.801775	0.831861
Woodie	0.249294	0.369771	0.577501	0.697978	0.905708	1.026185	1.233915
Fibonacci	0.355229	0.480604	0.558061	0.683436	0.808811	0.886268	1.011643

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.241566	0.279279	0.310533	0.348246	0.379500	0.417213	0.448467
Camarilla	0.322821	0.329143	0.335465	0.341787	0.348109	0.354431	0.360753
Woodie	0.238337	0.277664	0.307304	0.346631	0.376271	0.415598	0.445238
Fibonacci	0.279279	0.305624	0.321901	0.348246	0.374591	0.390868	0.417213

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	81.55
MACD (12,26,9):	0.0911
Directional Movement:	41.553474
AROON (14):	85.714286
DEMA (21):	0.629936
Parabolic SAR (0,02-0,02-0,2):	0.546213
Elder Ray (13):	0.155848
Super Trend (3,10):	0.558676
Zig ZAG (10):	0.724416
VORTEX (21):	1.3079
Stochastique (14,3,5):	88.52
TEMA (21):	0.697992
Williams %R (14):	-18.98
Chande Momentum Oscillator (20):	0.390357
Repulse (5,40,3):	9.4876
ROCnROLL:	1
TRIX (15,9):	2.1817
Courbe Coppock:	175.30

MA7:	0.644817
MA20:	0.477982
MA50:	0.402229
MA100:	0.376560
MAexp7:	0.647897
MAexp20:	0.526318
MAexp50:	0.439074
MAexp100:	0.409864
Price / MA7:	+12.05%
Price / MA20:	+51.15%
Price / MA50:	+79.62%
Price / MA100:	+91.87%
Price / MAexp7:	+11.51%
Price / MAexp20:	+37.27%
Price / MAexp50:	+64.55%
Price / MAexp100:	+76.28%

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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