CARDANO - ADA/USD
CARDANO - ADA/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
Volume: -
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Type: Cryptocurrencies
Ticker: ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 08/27/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.117719 USD
My targets
0.111453 USD (-1.79%)
0.105365 USD (-7.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CARDANO - ADA/USD as long as the price remains well below 0.117719 USD. The next bearish objective for sellers is set at 0.111453 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.105365 USD. If there is any crossing, the next objective would be the support located at 0.095614 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CARDANO - ADA/USD price is 0.113484 USD. The price is lower by -0.76% since the last closing and was between 0.113008 USD and 0.115662 USD. This implies that the price is at +0.42% from its lowest and at -1.88% from its highest.

0.113008
0.115662
0.113484

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this CARDANO - ADA/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.095614 0.105365 0.111453 0.113484 0.117719 0.126183 0.136276
Change (%) -15.75% -7.15% -1.79% - +3.73% +11.19% +20.08%
Change -0.017870 -0.008119 -0.002031 - +0.004235 +0.012699 +0.022792
Level Major Minor Intermediate - Intermediate 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
Standard0.1024820.1063920.1103720.1142820.1182620.1221720.126152
Camarilla0.1121810.1129050.1136280.1143510.1150740.1157980.116521
Woodie0.1025160.1064100.1104060.1143000.1182960.1221900.126186
Fibonacci0.1063920.1094060.1112680.1142820.1172960.1191580.122172


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0861360.1021680.1137940.1298260.1414520.1574840.169110
Camarilla0.1178140.1203490.1228850.1254200.1279550.1304910.133026
Woodie0.0839330.1010670.1115910.1287250.1392490.1563830.166907
Fibonacci0.1021680.1127330.1192610.1298260.1403910.1469190.157484


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0237900.0531080.0961050.1254230.1684200.1977380.240735
Camarilla0.1192140.1258430.1324720.1391010.1457300.1523590.158988
Woodie0.0306290.0565280.1029440.1288430.1752590.2011580.247574
Fibonacci0.0531080.0807330.0977990.1254230.1530480.1701140.197738

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.42
MACD (12,26,9): -0.0002
Directional Movement: -1.623247
AROON (14): 28.571428
DEMA (21): 0.114508
Parabolic SAR (0,02-0,02-0,2): 0.117422
Elder Ray (13): -0.001084
Super Trend (3,10): 0.110764
Zig ZAG (10): 0.113427
VORTEX (21): 1.0308
Stochastique (14,3,5): 32.43
TEMA (21): 0.115073
Williams %R (14): -96.37
Chande Momentum Oscillator (20): -0.002578
Repulse (5,40,3): -1.3332
ROCnROLL: 2
TRIX (15,9): 0.0024
Courbe Coppock: 1.06
MA7: 0.119201
MA20: 0.132079
MA50: 0.132352
MA100: 0.106193
MAexp7: 0.114458
MAexp20: 0.114781
MAexp50: 0.116046
MAexp100: 0.118818
Price / MA7: -4.80%
Price / MA20: -14.08%
Price / MA50: -14.26%
Price / MA100: +6.87%
Price / MAexp7: -0.85%
Price / MAexp20: -1.13%
Price / MAexp50: -2.21%
Price / MAexp100: -4.49%

Quotes : 2020-08-27 03:16:36 - Real time data - Cryptocompare

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

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