CARDANO - ADA/USD - 1H - Technical analysis published on 04/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 0.031298 USD
My targets
0.033265 USD (+3.29%)
0.036885 USD (+14.53%)
My analysis
CARDANO - ADA/USD 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 0.031298 USD. The next resistance located at 0.033265 USD 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 0.036885 USD. After this resistance, buyers could then target 0.044961 USD. 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 not called into question, despite technical indicators being indecisive.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARDANO - ADA/USD rating 0.032205 USD. The price registered an increase of +0.92% on the session with the lowest point at 0.031657 USD and the highest point at 0.032883 USD. The deviation from the price is +1.73% for the low point and -2.06% for the high point.0.031657
0.032883
0.032205
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
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Technical
A technical analysis in 1H of this CARDANO - ADA/USD 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.029475 | 0.030165 | 0.031298 | 0.032205 | 0.033265 | 0.044961 | 0.051817 |
| Change (%) | -8.48% | -6.33% | -2.82% | - | +3.29% | +39.61% | +60.90% |
| Change | -0.002730 | -0.002040 | -0.000907 | - | +0.001060 | +0.012756 | +0.019612 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.028325 | 0.029584 | 0.030747 | 0.032006 | 0.033169 | 0.034428 | 0.035591 |
| Camarilla | 0.031244 | 0.031466 | 0.031688 | 0.031910 | 0.032132 | 0.032354 | 0.032576 |
| Woodie | 0.028277 | 0.029560 | 0.030699 | 0.031982 | 0.033121 | 0.034404 | 0.035543 |
| Fibonacci | 0.029584 | 0.030509 | 0.031081 | 0.032006 | 0.032931 | 0.033503 | 0.034428 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022296 | 0.024478 | 0.027159 | 0.029341 | 0.032022 | 0.034204 | 0.036885 |
| Camarilla | 0.028503 | 0.028949 | 0.029394 | 0.029840 | 0.030286 | 0.030732 | 0.031177 |
| Woodie | 0.022546 | 0.024603 | 0.027409 | 0.029466 | 0.032272 | 0.034329 | 0.037135 |
| Fibonacci | 0.024478 | 0.026336 | 0.027483 | 0.029341 | 0.031199 | 0.032346 | 0.034204 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.019268 | -0.000555 | 0.014940 | 0.033653 | 0.049148 | 0.067861 | 0.083356 |
| Camarilla | 0.021029 | 0.024165 | 0.027300 | 0.030436 | 0.033572 | 0.036708 | 0.039843 |
| Woodie | -0.020876 | -0.001360 | 0.013332 | 0.032849 | 0.047540 | 0.067057 | 0.081748 |
| Fibonacci | -0.000555 | 0.012512 | 0.020585 | 0.033653 | 0.046720 | 0.054793 | 0.067861 |
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): | 55.30 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 4.612402 | |
| AROON (14): | 42.857144 | |
| DEMA (21): | 0.032546 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.031489 | |
| Elder Ray (13): | 0.000061 | |
| Super Trend (3,10): | 0.031335 | |
| Zig ZAG (10): | 0.032321 | |
| VORTEX (21): | 0.9692 | |
| Stochastique (14,3,5): | 68.98 | |
| TEMA (21): | 0.032521 | |
| Williams %R (14): | -55.14 | |
| Chande Momentum Oscillator (20): | 0.000203 | |
| Repulse (5,40,3): | -1.5199 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1198 | |
| Courbe Coppock: | 2.26 |
| MA7: | 0.030431 | |
| MA20: | 0.029086 | |
| MA50: | 0.041873 | |
| MA100: | 0.043783 | |
| MAexp7: | 0.032330 | |
| MAexp20: | 0.032202 | |
| MAexp50: | 0.031684 | |
| MAexp100: | 0.031045 | |
| Price / MA7: | +5.83% | |
| Price / MA20: | +10.72% | |
| Price / MA50: | -23.09% | |
| Price / MA100: | -26.44% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +3.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
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