CARDANO - ADA/USD
CARDANO - ADA/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: ADAUSD
ISIN:

CARDANO - ADA/USD - 1H - Technical analysis published on 05/13/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.82 USD
My targets
1.92 USD (+3.95%)
2.03 USD (+9.89%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CARDANO - ADA/USD as long as the price remains well above 1.82 USD. The buyers' bullish objective is set at 1.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.03 USD. If there is any crossing, the next objective would be the resistance located at 2.32 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CARDANO - ADA/USD price is 1.85 USD. The price has increased by +18.59% since the last closing and was traded between 1.48 USD and 1.85 USD over the period. The price is currently at +25.00% from its lowest and 0% from its highest.

1.48
1.85
1.85

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

Central Gaps

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:

Central Records

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


Technical analysis of CARDANO - ADA/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

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 over resistance 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.67 1.75 1.82 1.85
Change (%) -9.73% -5.41% -1.62% -
Change -0.18 -0.10 -0.03 -
Level Minor Intermediate Major -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.181.361.461.641.741.922.02
Camarilla1.481.511.531.561.591.611.64
Woodie1.141.341.421.621.701.901.98
Fibonacci1.361.471.531.641.751.811.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.851.051.341.541.832.032.32
Camarilla1.491.531.581.621.671.711.76
Woodie0.891.071.381.561.872.052.36
Fibonacci1.051.241.361.541.731.852.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.340.620.991.271.641.922.29
Camarilla1.171.231.291.351.411.471.53
Woodie0.380.641.031.291.681.942.33
Fibonacci0.620.871.031.271.521.681.92

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): 58.25
MACD (12,26,9): 0.0000
Directional Movement: 4.49
AROON (14): 78.57
DEMA (21): 1.70
Parabolic SAR (0,02-0,02-0,2): 1.54
Elder Ray (13): 0.09
Super Trend (3,10): 1.55
Zig ZAG (10): 1.79
VORTEX (21): 1.0000
Stochastique (14,3,5): 75.60
TEMA (21): 1.71
Williams %R (14): -17.13
Chande Momentum Oscillator (20): 0.22
Repulse (5,40,3): 4.2300
ROCnROLL: 1
TRIX (15,9): -0.1200
Courbe Coppock: 2.68
MA7: 1.69
MA20: 1.45
MA50: 1.33
MA100: 1.18
MAexp7: 1.73
MAexp20: 1.71
MAexp50: 1.71
MAexp100: 1.70
Price / MA7: +9.47%
Price / MA20: +27.59%
Price / MA50: +39.10%
Price / MA100: +56.78%
Price / MAexp7: +6.94%
Price / MAexp20: +8.19%
Price / MAexp50: +8.19%
Price / MAexp100: +8.82%

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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