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

CARDANO - ADA/USD - 1H - Technical analysis published on 09/05/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.107156 USD
My targets
0.102144 USD (-0.72%)
0.096234 USD (-6.46%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.107156 USD remains possible. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.107156 USD. The next bearish objective for sellers is set at 0.102144 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.096234 USD. In case of crossing, the next objective would be the support located at 0.051820 USD. PS: if there is a bullish break in the resistance located at 0.107156 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

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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 rating is 0.102881 USD. The price registered an increase of +1.04% on the session and was traded between 0.101631 USD and 0.104048 USD over the period. The price is currently at +1.23% from its lowest and -1.12% from its highest.

0.101631
0.104048
0.102881

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:

Technical


Technical analysis of CARDANO - ADA/USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.051820 0.096234 0.102144 0.102881 0.107156 0.117719 0.128316
Change (%) -49.63% -6.46% -0.72% - +4.16% +14.42% +24.72%
Change -0.051061 -0.006647 -0.000737 - +0.004275 +0.014838 +0.025435
Level Intermediate Major Minor - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0828700.0875610.0946930.0993840.1065160.1112070.118339
Camarilla0.0985750.0996580.1007420.1018260.1029100.1039940.105077
Woodie0.0840920.0881710.0959150.0999940.1077380.1118170.119561
Fibonacci0.0875610.0920770.0948670.0993840.1039000.1066900.111207


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0783090.0902270.1032640.1151820.1282190.1401370.153174
Camarilla0.1094390.1117270.1140150.1163020.1185900.1208770.123165
Woodie0.0788700.0905070.1038250.1154620.1287800.1404170.153735
Fibonacci0.0902270.0997600.1056490.1151820.1247150.1306040.140137


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0484250.0752840.0989020.1257610.1493790.1762380.199856
Camarilla0.1086380.1132650.1178920.1225190.1271460.1317730.136400
Woodie0.0468040.0744740.0972810.1249510.1477580.1754280.198235
Fibonacci0.0752840.0945670.1064790.1257610.1450440.1569560.176238

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): 54.92
MACD (12,26,9): -0.0001
Directional Movement: -0.925947
AROON (14): 78.571428
DEMA (21): 0.100857
Parabolic SAR (0,02-0,02-0,2): 0.094791
Elder Ray (13): 0.001275
Super Trend (3,10): 0.103874
Zig ZAG (10): 0.103324
VORTEX (21): 1.1157
Stochastique (14,3,5): 84.26
TEMA (21): 0.102703
Williams %R (14): -7.01
Chande Momentum Oscillator (20): 0.002001
Repulse (5,40,3): 1.0575
ROCnROLL: -1
TRIX (15,9): -0.0931
Courbe Coppock: 4.03
MA7: 0.111414
MA20: 0.118744
MA50: 0.129705
MA100: 0.111191
MAexp7: 0.102139
MAexp20: 0.101408
MAexp50: 0.104205
MAexp100: 0.108423
Price / MA7: -7.66%
Price / MA20: -13.36%
Price / MA50: -20.68%
Price / MA100: -7.47%
Price / MAexp7: +0.73%
Price / MAexp20: +1.45%
Price / MAexp50: -1.27%
Price / MAexp100: -5.11%

Quotes : 2020-09-05 00:44:00 - Real time data - Cryptocompare

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

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