CARDANO - ADA/USDT - 1H - Technical analysis published on 11/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.746648 USDT
My targets
0.775291 USDT (+1.72%)
0.818455 USDT (+7.38%)
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 0.746648 USDT. The next resistance located at 0.775291 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 0.818455 USDT. After this resistance, buyers could then target 1.212000 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.
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
8.8
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Additional analysis
Quotes
The CARDANO - ADA/USDT rating is 0.762192 USDT. On the day, this instrument gained +4.05% with the lowest point at 0.728949 USDT and the highest point at 0.764882 USDT. The deviation from the price is +4.56% for the low point and -0.35% for the high point.0.728949
0.764882
0.762192
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CARDANO - ADA/USDT in 1H shows a strongly overall bullish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.667447 | 0.692758 | 0.746648 | 0.762192 | 0.775291 | 0.818455 | 1.212000 |
| Change (%) | -12.43% | -9.11% | -2.04% | - | +1.72% | +7.38% | +59.02% |
| Change | -0.094745 | -0.069434 | -0.015544 | - | +0.013099 | +0.056263 | +0.449808 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 0.612037 | 0.656307 | 0.694424 | 0.738694 | 0.776811 | 0.821081 | 0.859198 |
| Camarilla | 0.709886 | 0.717438 | 0.724990 | 0.732542 | 0.740094 | 0.747646 | 0.755198 |
| Woodie | 0.608962 | 0.654769 | 0.691349 | 0.737156 | 0.773736 | 0.819543 | 0.856123 |
| Fibonacci | 0.656307 | 0.687779 | 0.707222 | 0.738694 | 0.770166 | 0.789609 | 0.821081 |
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): | 58.60 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 8.940830 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.751318 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.724796 | |
| Elder Ray (13): | 0.014555 | |
| Super Trend (3,10): | 0.722504 | |
| Zig ZAG (10): | 0.763404 | |
| VORTEX (21): | 1.0130 | |
| Stochastique (14,3,5): | 87.29 | |
| TEMA (21): | 0.752165 | |
| Williams %R (14): | -7.31 | |
| Chande Momentum Oscillator (20): | 0.024720 | |
| Repulse (5,40,3): | 1.7172 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0471 | |
| Courbe Coppock: | 1.36 |
| MA7: | 0.685982 | |
| MA20: | 0.516010 | |
| MA50: | 0.416224 | |
| MA100: | 0.384538 | |
| MAexp7: | 0.752155 | |
| MAexp20: | 0.746010 | |
| MAexp50: | 0.736322 | |
| MAexp100: | 0.709484 | |
| Price / MA7: | +11.11% | |
| Price / MA20: | +47.71% | |
| Price / MA50: | +83.12% | |
| Price / MA100: | +98.21% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +2.17% | |
| Price / MAexp50: | +3.51% | |
| Price / MAexp100: | +7.43% |
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.
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