CARDANO - ADA/USD - Daily - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.132360 USD
My targets
0.146659 USD (+7.05%)
0.168420 USD (+22.93%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CARDANO - ADA/USD. As long as you are above the support located at 0.132360 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.146659 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.168420 USD as an objective. Crossing it would then enable buyers to target 0.370500 USD. If the support 0.132360 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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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
The CARDANO - ADA/USD rating is 0.137000 USD. On the day, this instrument lost -2.75% with the lowest point at 0.134170 USD and the highest point at 0.144061 USD. The deviation from the price is +2.11% for the low point and -4.90% for the high point.0.134170
0.144061
0.137000
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/USD:
Technical
Technical analysis of this Daily chart of CARDANO - ADA/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.051820 | 0.095614 | 0.132360 | 0.137000 | 0.146659 | 0.370500 | 1.130000 |
| Change (%) | -62.18% | -30.21% | -3.39% | - | +7.05% | +170.44% | +724.82% |
| Change | -0.085180 | -0.041386 | -0.004640 | - | +0.009659 | +0.233500 | +0.993000 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128694 | 0.133125 | 0.136996 | 0.141427 | 0.145298 | 0.149729 | 0.153600 |
| Camarilla | 0.138584 | 0.139345 | 0.140106 | 0.140867 | 0.141628 | 0.142389 | 0.143150 |
| Woodie | 0.128414 | 0.132985 | 0.136716 | 0.141287 | 0.145018 | 0.149589 | 0.153320 |
| Fibonacci | 0.133125 | 0.136296 | 0.138256 | 0.141427 | 0.144598 | 0.146558 | 0.149729 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.095149 | 0.109439 | 0.124042 | 0.138332 | 0.152935 | 0.167225 | 0.181828 |
| Camarilla | 0.130700 | 0.133349 | 0.135998 | 0.138646 | 0.141295 | 0.143943 | 0.146592 |
| Woodie | 0.095307 | 0.109517 | 0.124200 | 0.138410 | 0.153093 | 0.167303 | 0.181986 |
| Fibonacci | 0.109439 | 0.120476 | 0.127295 | 0.138332 | 0.149369 | 0.156188 | 0.167225 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.83 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | -4.296499 | |
| AROON (14): | -21.428570 | |
| DEMA (21): | 0.143222 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.149323 | |
| Elder Ray (13): | -0.000240 | |
| Super Trend (3,10): | 0.119185 | |
| Zig ZAG (10): | 0.136963 | |
| VORTEX (21): | 0.9991 | |
| Stochastique (14,3,5): | 52.66 | |
| TEMA (21): | 0.139006 | |
| Williams %R (14): | -53.54 | |
| Chande Momentum Oscillator (20): | -0.007181 | |
| Repulse (5,40,3): | -2.7012 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4648 | |
| Courbe Coppock: | 2.52 |
| MA7: | 0.138258 | |
| MA20: | 0.140438 | |
| MA50: | 0.128798 | |
| MA100: | 0.099860 | |
| MAexp7: | 0.138441 | |
| MAexp20: | 0.138337 | |
| MAexp50: | 0.126360 | |
| MAexp100: | 0.106414 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -2.45% | |
| Price / MA50: | +6.37% | |
| Price / MA100: | +37.19% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | +8.42% | |
| Price / MAexp100: | +28.74% |
Quotes :
2020-08-18 15:33:09
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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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