CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Daily - Technical analysis published on 05/13/2021 (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

67%

33%

My opinion

Bullish above 1.64 USD

My targets

1.92 USD (+4.51%)

2.29 USD (+24.29%)

My analysis

CARDANO - ADA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.64 USD. The next resistance located at 1.92 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.29 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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

Additional analysis

Quotes

The CARDANO - ADA/USD price is 1.84 USD. On the day, this instrument gained +17.95% and was between 1.48 USD and 1.85 USD. This implies that the price is at +24.32% from its lowest and at -0.54% from its highest.

1.48

1.85

1.84

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CARDANO - ADA/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.94	1.27	1.38	1.84
Change (%)	-48.91%	-30.98%	-25.00%	-
Change	-0.90	-0.57	-0.46	-
Level	Minor	Major	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	1.18	1.36	1.46	1.64	1.74	1.92	2.02
Camarilla	1.48	1.51	1.53	1.56	1.59	1.61	1.64
Woodie	1.14	1.34	1.42	1.62	1.70	1.90	1.98
Fibonacci	1.36	1.47	1.53	1.64	1.75	1.81	1.92

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.19
MACD (12,26,9):	0.1200
Directional Movement:	6.67
AROON (14):	64.29
DEMA (21):	1.66
Parabolic SAR (0,02-0,02-0,2):	1.38
Elder Ray (13):	0.09
Super Trend (3,10):	1.25
Zig ZAG (10):	1.79
VORTEX (21):	1.1000
Stochastique (14,3,5):	76.58
TEMA (21):	1.73
Williams %R (14):	-11.31
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	10.1400
ROCnROLL:	1
TRIX (15,9):	1.0100
Courbe Coppock:	64.74

MA7:	1.69
MA20:	1.45
MA50:	1.33
MA100:	1.18
MAexp7:	1.67
MAexp20:	1.51
MAexp50:	1.35
MAexp100:	1.14
Price / MA7:	+8.88%
Price / MA20:	+26.90%
Price / MA50:	+38.35%
Price / MA100:	+55.93%
Price / MAexp7:	+10.18%
Price / MAexp20:	+21.85%
Price / MAexp50:	+36.30%
Price / MAexp100:	+61.40%

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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