CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Weekly - Technical analysis published on 07/08/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.095614 USD

My targets

0.135655 USD (+7.08%)

0.370500 USD (+192.46%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CARDANO - ADA/USD. This is a positive signal for buyers. As long as the price remains above 0.095614 USD, a purchase could be considered. The first bullish objective is located at 0.135655 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.370500 USD as an objective. Crossing it would then enable buyers to target 1.130000 USD. In the event of a return below 0.095614 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

Additional analysis

Quotes

The CARDANO - ADA/USD price is 0.126682 USD. The price is up +36.14% over 5 days and was traded between 0.094320 USD and 0.119040 USD over the period. The price is currently at +34.31% from its lowest point and +6.42% from its highest point.

0.094320

0.119040

0.126682

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of CARDANO - ADA/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Weekly

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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2
ProTrendLines	0.095614	0.126682	0.370500	1.130000
Change (%)	-24.52%	-	+192.46%	+792.00%
Change	-0.031068	-	+0.243818	+1.003318
Level	Major	-	Minor	Major

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	0.034268	0.036744	0.038676	0.041152	0.043084	0.045560	0.047492
Camarilla	0.039397	0.039801	0.040205	0.040609	0.041013	0.041417	0.041821
Woodie	0.033997	0.036608	0.038405	0.041016	0.042813	0.045424	0.047221
Fibonacci	0.036744	0.038428	0.039468	0.041152	0.042836	0.043876	0.045560

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.057244	0.066664	0.083381	0.092801	0.109518	0.118938	0.135655
Camarilla	0.092911	0.095307	0.097703	0.100099	0.102495	0.104891	0.107287
Woodie	0.060894	0.068488	0.087031	0.094625	0.113168	0.120762	0.139305
Fibonacci	0.066664	0.076648	0.082816	0.092801	0.102785	0.108953	0.118938

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.085608	0.062413	0.090016	0.066821	0.094424	0.071229	0.098832
Camarilla	0.116406	0.116810	0.117214	0.117618	0.118022	0.118426	0.118830
Woodie	0.111006	0.075113	0.115414	0.079521	0.119822	0.083929	0.124230
Fibonacci	0.062413	0.064097	0.065138	0.066821	0.068505	0.069546	0.071229

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):	79.80
MACD (12,26,9):	0.0166
Directional Movement:	-1.387459
AROON (14):	92.857143
DEMA (21):	0.091265
Parabolic SAR (0,02-0,02-0,2):	0.119040
Elder Ray (13):	0.005258
Super Trend (3,10):	0.061213
Zig ZAG (10):	0.125747
VORTEX (21):	0.9576
Stochastique (14,3,5):	95.78
TEMA (21):	0.106833
Williams %R (14):	-9.81
Chande Momentum Oscillator (20):	0.084784
Repulse (5,40,3):	83.9445
ROCnROLL:	1
TRIX (15,9):	2.6540
Courbe Coppock:	343.73

MA7:	0.098053
MA20:	0.088323
MA50:	0.079626
MA100:	0.061169
MAexp7:	0.098422
MAexp20:	0.073153
MAexp50:	0.062715
MAexp100:	0.069519
Price / MA7:	+29.20%
Price / MA20:	+43.43%
Price / MA50:	+59.10%
Price / MA100:	+107.10%
Price / MAexp7:	+28.71%
Price / MAexp20:	+73.17%
Price / MAexp50:	+102.00%
Price / MAexp100:	+82.23%

Quotes : 2020-07-08 13:37:07 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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