CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Daily - Technical analysis published on 05/12/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.64 USD

My targets

1.92 USD (+6.83%)

2.29 USD (+27.06%)

My analysis

The bullish trend is currently very strong on CARDANO - ADA/USD. As long as the price remains above the support at 1.64 USD, you could try to benefit from the boom. The first bullish objective is located at 1.92 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.29 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

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 baltbach. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USD rating is 1.80 USD. On the day, this instrument gained +1.70% and was between 1.75 USD and 1.82 USD. This implies that the price is at +2.86% from its lowest and at -1.10% from its highest.

1.75

1.82

1.80

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CARDANO - ADA/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.33	1.09	1.38	1.80
Change (%)	-81.67%	-39.44%	-23.33%	-
Change	-1.47	-0.71	-0.42	-
Level	Minor	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
Standard	1.47	1.54	1.65	1.72	1.83	1.90	2.01
Camarilla	1.72	1.74	1.75	1.77	1.79	1.80	1.82
Woodie	1.50	1.55	1.68	1.73	1.86	1.91	2.04
Fibonacci	1.54	1.61	1.65	1.72	1.79	1.83	1.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.85	1.05	1.34	1.54	1.83	2.03	2.32
Camarilla	1.49	1.53	1.58	1.62	1.67	1.71	1.76
Woodie	0.89	1.07	1.38	1.56	1.87	2.05	2.36
Fibonacci	1.05	1.24	1.36	1.54	1.73	1.85	2.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.34	0.62	0.99	1.27	1.64	1.92	2.29
Camarilla	1.17	1.23	1.29	1.35	1.41	1.47	1.53
Woodie	0.38	0.64	1.03	1.29	1.68	1.94	2.33
Fibonacci	0.62	0.87	1.03	1.27	1.52	1.68	1.92

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):	68.11
MACD (12,26,9):	0.1300
Directional Movement:	16.26
AROON (14):	78.57
DEMA (21):	1.66
Parabolic SAR (0,02-0,02-0,2):	1.33
Elder Ray (13):	0.21
Super Trend (3,10):	1.31
Zig ZAG (10):	1.80
VORTEX (21):	1.1700
Stochastique (14,3,5):	83.92
TEMA (21):	1.75
Williams %R (14):	-5.89
Chande Momentum Oscillator (20):	0.45
Repulse (5,40,3):	11.0200
ROCnROLL:	1
TRIX (15,9):	0.9700
Courbe Coppock:	69.24

MA7:	1.70
MA20:	1.43
MA50:	1.32
MA100:	1.16
MAexp7:	1.68
MAexp20:	1.51
MAexp50:	1.34
MAexp100:	1.13
Price / MA7:	+5.88%
Price / MA20:	+25.87%
Price / MA50:	+36.36%
Price / MA100:	+55.17%
Price / MAexp7:	+7.14%
Price / MAexp20:	+19.21%
Price / MAexp50:	+34.33%
Price / MAexp100:	+59.29%

Quotes : - Real time data - Cryptocompare

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

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