CARDANO - ADA/USD - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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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
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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 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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.086424 | 0.089655 | 0.091416 | 0.094647 | 0.096408 | 0.099639 | 0.101400 |
| Camarilla | 0.091803 | 0.092261 | 0.092718 | 0.093176 | 0.093634 | 0.094091 | 0.094549 |
| Woodie | 0.085688 | 0.089288 | 0.090680 | 0.094280 | 0.095672 | 0.099272 | 0.100664 |
| Fibonacci | 0.089655 | 0.091562 | 0.092740 | 0.094647 | 0.096554 | 0.097732 | 0.099639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075093 | 0.080326 | 0.089067 | 0.094300 | 0.103041 | 0.108274 | 0.117015 |
| Camarilla | 0.093964 | 0.095245 | 0.096526 | 0.097807 | 0.099088 | 0.100369 | 0.101650 |
| Woodie | 0.076846 | 0.081203 | 0.090820 | 0.095177 | 0.104794 | 0.109151 | 0.118768 |
| Fibonacci | 0.080326 | 0.085664 | 0.088962 | 0.094300 | 0.099638 | 0.102936 | 0.108274 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048425 | 0.075284 | 0.098902 | 0.125761 | 0.149379 | 0.176238 | 0.199856 |
| Camarilla | 0.108638 | 0.113265 | 0.117892 | 0.122519 | 0.127146 | 0.131773 | 0.136400 |
| Woodie | 0.046804 | 0.074474 | 0.097281 | 0.124951 | 0.147758 | 0.175428 | 0.198235 |
| Fibonacci | 0.075284 | 0.094567 | 0.106479 | 0.125761 | 0.145044 | 0.156956 | 0.176238 |
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
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Real time data
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Cryptocompare
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