CARDANO - ADA/USD - 1H - Technical analysis published on 08/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.113794 USD
My targets
0.102168 USD (-6.36%)
0.095614 USD (-12.36%)
My analysis
The bearish trend is currently very strong for CARDANO - ADA/USD. As long as the price remains below the resistance at 0.113794 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.102168 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.095614 USD as an objective. Crossing it would then enable sellers to target 0.051820 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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Additional analysis
Quotes
CARDANO - ADA/USD rating 0.109103 USD. The price registered a decrease of -11.79% on the session and was traded between 0.105365 USD and 0.124007 USD over the period. The price is currently at +3.55% from its lowest and -12.02% from its highest.0.105365
0.124007
0.109103
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CARDANO - ADA/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Long black line
Type : Bearish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.031292 | 0.051820 | 0.095614 | 0.109103 | 0.117719 | 0.119900 | 0.126979 |
| Change (%) | -71.32% | -52.50% | -12.36% | - | +7.90% | +9.90% | +16.38% |
| Change | -0.077811 | -0.057283 | -0.013489 | - | +0.008616 | +0.010797 | +0.017876 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 0.112827 | 0.116363 | 0.120026 | 0.123562 | 0.127225 | 0.130761 | 0.134424 |
| Camarilla | 0.121708 | 0.122368 | 0.123028 | 0.123688 | 0.124348 | 0.125008 | 0.125668 |
| Woodie | 0.112890 | 0.116395 | 0.120089 | 0.123594 | 0.127288 | 0.130793 | 0.134487 |
| Fibonacci | 0.116363 | 0.119113 | 0.120812 | 0.123562 | 0.126312 | 0.128011 | 0.130761 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086136 | 0.102168 | 0.113794 | 0.129826 | 0.141452 | 0.157484 | 0.169110 |
| Camarilla | 0.117814 | 0.120349 | 0.122885 | 0.125420 | 0.127955 | 0.130491 | 0.133026 |
| Woodie | 0.083933 | 0.101067 | 0.111591 | 0.128725 | 0.139249 | 0.156383 | 0.166907 |
| Fibonacci | 0.102168 | 0.112733 | 0.119261 | 0.129826 | 0.140391 | 0.146919 | 0.157484 |
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): | 13.62 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -40.297028 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.116374 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.120460 | |
| Elder Ray (13): | -0.007427 | |
| Super Trend (3,10): | 0.117491 | |
| Zig ZAG (10): | 0.109363 | |
| VORTEX (21): | 0.5762 | |
| Stochastique (14,3,5): | 10.27 | |
| TEMA (21): | 0.113726 | |
| Williams %R (14): | -93.43 | |
| Chande Momentum Oscillator (20): | -0.014133 | |
| Repulse (5,40,3): | -10.0729 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1556 | |
| Courbe Coppock: | 11.83 |
| MA7: | 0.123587 | |
| MA20: | 0.134619 | |
| MA50: | 0.132653 | |
| MA100: | 0.104981 | |
| MAexp7: | 0.114925 | |
| MAexp20: | 0.119232 | |
| MAexp50: | 0.122120 | |
| MAexp100: | 0.124021 | |
| Price / MA7: | -11.72% | |
| Price / MA20: | -18.95% | |
| Price / MA50: | -17.75% | |
| Price / MA100: | +3.93% | |
| Price / MAexp7: | -5.07% | |
| Price / MAexp20: | -8.50% | |
| Price / MAexp50: | -10.66% | |
| Price / MAexp100: | -12.03% |
Quotes :
2020-08-25 17:53:41
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Real time data
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Cryptocompare
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