CARDANO - ADA/USD - Daily - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.125423 USD
My targets
0.096105 USD (-17.66%)
0.053108 USD (-54.50%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CARDANO - ADA/USD as long as the price remains well below 0.125423 USD. The sellers” bearish objective is set at 0.096105 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.053108 USD. If there is any crossing, the next objective would be the support located at 0.051820 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
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 rating is 0.116718 USD. On the day, this instrument gained +3.29% and was between 0.110303 USD and 0.118193 USD. This implies that the price is at +5.82% from its lowest and at -1.25% from its highest.0.110303
0.118193
0.116718
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CARDANO - ADA/USD in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.031292 | 0.051820 | 0.095614 | 0.116718 | 0.117719 | 0.136276 | 0.149256 |
| Change (%) | -73.19% | -55.60% | -18.08% | - | +0.86% | +16.76% | +27.88% |
| Change | -0.085426 | -0.064898 | -0.021104 | - | +0.001001 | +0.019558 | +0.032538 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 0.085599 | 0.095482 | 0.104241 | 0.114124 | 0.122883 | 0.132766 | 0.141525 |
| Camarilla | 0.107874 | 0.109582 | 0.111291 | 0.113000 | 0.114709 | 0.116418 | 0.118127 |
| Woodie | 0.085037 | 0.095201 | 0.103679 | 0.113843 | 0.122321 | 0.132485 | 0.140963 |
| Fibonacci | 0.095482 | 0.102603 | 0.107003 | 0.114124 | 0.121245 | 0.125645 | 0.132766 |
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): | 38.95 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -19.402001 | |
| AROON (14): | -57.142853 | |
| DEMA (21): | 0.125994 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.139003 | |
| Elder Ray (13): | -0.012504 | |
| Super Trend (3,10): | 0.143594 | |
| Zig ZAG (10): | 0.116884 | |
| VORTEX (21): | 0.8478 | |
| Stochastique (14,3,5): | 22.73 | |
| TEMA (21): | 0.118335 | |
| Williams %R (14): | -71.61 | |
| Chande Momentum Oscillator (20): | -0.021707 | |
| Repulse (5,40,3): | -1.2955 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1060 | |
| Courbe Coppock: | 25.88 |
| MA7: | 0.122485 | |
| MA20: | 0.133465 | |
| MA50: | 0.132733 | |
| MA100: | 0.105653 | |
| MAexp7: | 0.122036 | |
| MAexp20: | 0.129480 | |
| MAexp50: | 0.125430 | |
| MAexp100: | 0.108872 | |
| Price / MA7: | -4.71% | |
| Price / MA20: | -12.55% | |
| Price / MA50: | -12.07% | |
| Price / MA100: | +10.47% | |
| Price / MAexp7: | -4.36% | |
| Price / MAexp20: | -9.86% | |
| Price / MAexp50: | -6.95% | |
| Price / MAexp100: | +7.21% |
Quotes :
2020-08-26 17:52:00
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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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