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 08/15/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.125423 USD

My targets

0.168420 USD (+21.64%)

0.240735 USD (+73.86%)

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 0.125423 USD. The next resistance located at 0.168420 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 0.240735 USD. After this resistance, buyers could then target 0.370500 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, 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

7.5

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 dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CARDANO - ADA/USD rating 0.138462 USD. The price registered a decrease of -4.77% over 5 days and was traded between 0.123728 USD and 0.144520 USD over the period. The price is currently at +11.91% from its lowest point and -4.19% from its highest point.

0.123728

0.144520

0.138462

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of CARDANO - ADA/USD in Weekly shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 13 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 : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

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	0.138462	0.370500	1.130000
Change (%)	-30.95%	-	+167.58%	+716.11%
Change	-0.042848	-	+0.232038	+0.991538
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	0.133133	0.135433	0.136927	0.139227	0.140721	0.143021	0.144515
Camarilla	0.137377	0.137724	0.138072	0.138420	0.138768	0.139116	0.139463
Woodie	0.132729	0.135232	0.136523	0.139026	0.140317	0.142820	0.144111
Fibonacci	0.135433	0.136883	0.137778	0.139227	0.140677	0.141572	0.143021

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.106385	0.115572	0.131116	0.140303	0.155847	0.165034	0.180578
Camarilla	0.139858	0.142125	0.144392	0.146659	0.148926	0.151193	0.153460
Woodie	0.109563	0.117161	0.134294	0.141892	0.159025	0.166623	0.183756
Fibonacci	0.115572	0.125020	0.130856	0.140303	0.149751	0.155587	0.165034

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.023790	0.053108	0.096105	0.125423	0.168420	0.197738	0.240735
Camarilla	0.119214	0.125843	0.132472	0.139101	0.145730	0.152359	0.158988
Woodie	0.030629	0.056528	0.102944	0.128843	0.175259	0.201158	0.247574
Fibonacci	0.053108	0.080733	0.097799	0.125423	0.153048	0.170114	0.197738

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):	75.34
MACD (12,26,9):	0.0252
Directional Movement:	25.268048
AROON (14):	78.571430
DEMA (21):	0.125793
Parabolic SAR (0,02-0,02-0,2):	0.092364
Elder Ray (13):	0.027197
Super Trend (3,10):	0.084514
Zig ZAG (10):	0.138316
VORTEX (21):	1.2856
Stochastique (14,3,5):	89.65
TEMA (21):	0.144911
Williams %R (14):	-14.86
Chande Momentum Oscillator (20):	0.082913
Repulse (5,40,3):	14.6791
ROCnROLL:	1
TRIX (15,9):	4.6041
Courbe Coppock:	376.68

MA7:	0.139883
MA20:	0.140960
MA50:	0.125278
MA100:	0.097201
MAexp7:	0.128910
MAexp20:	0.096574
MAexp50:	0.074812
MAexp100:	0.075300
Price / MA7:	-1.02%
Price / MA20:	-1.77%
Price / MA50:	+10.52%
Price / MA100:	+42.45%
Price / MAexp7:	+7.41%
Price / MAexp20:	+43.37%
Price / MAexp50:	+85.08%
Price / MAexp100:	+83.88%

Quotes : 2020-08-15 14:57:34 - Real time data - Cryptocompare

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

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