CARDANO - ADA/USD
CARDANO - ADA/USD
0.092063 USD (+1.12%)
Real time data - Cryptocompare
Open: 0.091081
Change: +0.001023
Volume: 1,749,744
Low: 0.090500
High: 0.093169
High / Low range: 0.002669
Type: Cryptocurrencies
Ticker: ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:03:26
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 0.093278 USD
My targets
0.088342 USD (-1.76%)
0.080326 USD (-10.67%)
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 0.093278 USD. The sellers” bearish objective is set at 0.088342 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.080326 USD. In case of crossing, the next objective would be the support located at 0.077470 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
8

This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The CARDANO - ADA/USD rating is 0.089921 USD. The price is lower by -3.49% since the last closing and was between 0.089581 USD and 0.093210 USD. This implies that the price is at +0.38% from its lowest and at -3.53% from its highest.

0.089581
0.093210
0.089921

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



Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CARDANO - ADA/USD chart shows a sharp bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

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 : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.077470 0.088342 0.089770 0.089921 0.093278 0.094443 0.096234
Change (%) -13.85% -1.76% -0.17% - +3.73% +5.03% +7.02%
Change -0.012451 -0.001579 -0.000151 - +0.003357 +0.004522 +0.006313
Level Minor Major Minor - Intermediate Minor 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
Standard0.0864240.0896550.0914160.0946470.0964080.0996390.101400
Camarilla0.0918030.0922610.0927180.0931760.0936340.0940910.094549
Woodie0.0856880.0892880.0906800.0942800.0956720.0992720.100664
Fibonacci0.0896550.0915620.0927400.0946470.0965540.0977320.099639


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0750930.0803260.0890670.0943000.1030410.1082740.117015
Camarilla0.0939640.0952450.0965260.0978070.0990880.1003690.101650
Woodie0.0768460.0812030.0908200.0951770.1047940.1091510.118768
Fibonacci0.0803260.0856640.0889620.0943000.0996380.1029360.108274


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 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): 30.94
MACD (12,26,9): -0.0011
Directional Movement: -19.413208
AROON (14): -92.857140
DEMA (21): 0.090433
Parabolic SAR (0,02-0,02-0,2): 0.092365
Elder Ray (13): -0.001079
Super Trend (3,10): 0.093403
Zig ZAG (10): 0.089899
VORTEX (21): 0.8000
Stochastique (14,3,5): 17.68
TEMA (21): 0.090000
Williams %R (14): -84.49
Chande Momentum Oscillator (20): -0.001345
Repulse (5,40,3): -1.5992
ROCnROLL: 2
TRIX (15,9): -0.1702
Courbe Coppock: 4.00
MA7: 0.095235
MA20: 0.101486
MA50: 0.121401
MA100: 0.112499
MAexp7: 0.090678
MAexp20: 0.091900
MAexp50: 0.093514
MAexp100: 0.094387
Price / MA7: -5.58%
Price / MA20: -11.40%
Price / MA50: -25.93%
Price / MA100: -20.07%
Price / MAexp7: -0.83%
Price / MAexp20: -2.15%
Price / MAexp50: -3.84%
Price / MAexp100: -4.73%

Quotes : 2020-09-16 15:03:08 - Real time data - Cryptocompare

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

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