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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.111453 USD
My targets
0.105365 USD (-0.96%)
0.095614 USD (-10.12%)
My analysis
CARDANO - ADA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.111453 USD. The next support located at 0.105365 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.095614 USD. Below this support, sellers could then target 0.077470 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD price is 0.106382 USD. On the day, this instrument lost -6.97% and was between 0.102144 USD and 0.115662 USD. This implies that the price is at +4.15% from its lowest and at -8.02% from its highest.0.102144
0.115662
0.106382
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 this 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
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
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.077470 | 0.095614 | 0.105365 | 0.106382 | 0.111453 | 0.117719 | 0.126183 |
| Change (%) | -27.18% | -10.12% | -0.96% | - | +4.77% | +10.66% | +18.61% |
| Change | -0.028912 | -0.010768 | -0.001017 | - | +0.005071 | +0.011337 | +0.019801 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 0.102482 | 0.106392 | 0.110372 | 0.114282 | 0.118262 | 0.122172 | 0.126152 |
| Camarilla | 0.112181 | 0.112905 | 0.113628 | 0.114351 | 0.115074 | 0.115798 | 0.116521 |
| Woodie | 0.102516 | 0.106410 | 0.110406 | 0.114300 | 0.118296 | 0.122190 | 0.126186 |
| Fibonacci | 0.106392 | 0.109406 | 0.111268 | 0.114282 | 0.117296 | 0.119158 | 0.122172 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.56 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -13.837738 | |
| AROON (14): | -57.142860 | |
| DEMA (21): | 0.105977 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.110806 | |
| Elder Ray (13): | -0.001433 | |
| Super Trend (3,10): | 0.110466 | |
| Zig ZAG (10): | 0.105660 | |
| VORTEX (21): | 0.7871 | |
| Stochastique (14,3,5): | 35.75 | |
| TEMA (21): | 0.104944 | |
| Williams %R (14): | -65.36 | |
| Chande Momentum Oscillator (20): | -0.006150 | |
| Repulse (5,40,3): | -0.1388 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2505 | |
| Courbe Coppock: | 10.97 |
| MA7: | 0.118137 | |
| MA20: | 0.131696 | |
| MA50: | 0.132200 | |
| MA100: | 0.106120 | |
| MAexp7: | 0.106346 | |
| MAexp20: | 0.108709 | |
| MAexp50: | 0.111959 | |
| MAexp100: | 0.115629 | |
| Price / MA7: | -9.95% | |
| Price / MA20: | -19.22% | |
| Price / MA50: | -19.53% | |
| Price / MA100: | +0.25% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -2.14% | |
| Price / MAexp50: | -4.98% | |
| Price / MAexp100: | -8.00% |
Quotes :
2020-08-27 21:34:10
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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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