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

CARDANO - ADA/USD - 1H - Technical analysis published on 05/14/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.96 USD
My targets
2.03 USD (+2.16%)
2.29 USD (+14.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CARDANO - ADA/USD as long as the price remains well above 1.96 USD. The buyers' bullish objective is set at 2.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.29 USD. If there is any crossing, the next objective would be the resistance located at 2.32 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
8.8

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

CARDANO - ADA/USD rating 1.99 USD. The price has increased by +3.11% since the last closing with the lowest point at 1.81 USD and the highest point at 2.00 USD. The deviation from the price is +9.94% for the low point and -0.50% for the high point.

1.81
2.00
1.99

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



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


A technical analysis in 1H of this CARDANO - ADA/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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:

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 : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.75 1.83 1.96 1.99
Change (%) -12.06% -8.04% -1.51% -
Change -0.24 -0.16 -0.03 -
Level Intermediate Intermediate Intermediate -



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.131.301.621.792.112.282.60
Camarilla1.801.841.891.931.982.022.07
Woodie1.201.341.691.832.182.322.67
Fibonacci1.301.491.611.791.982.102.28


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 63.51
MACD (12,26,9): 0.0300
Directional Movement: 15.33
AROON (14): 64.29
DEMA (21): 1.95
Parabolic SAR (0,02-0,02-0,2): 1.86
Elder Ray (13): 0.05
Super Trend (3,10): 1.84
Zig ZAG (10): 1.97
VORTEX (21): 1.1000
Stochastique (14,3,5): 82.24
TEMA (21): 1.95
Williams %R (14): -11.34
Chande Momentum Oscillator (20): 0.10
Repulse (5,40,3): 2.0200
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 7.27
MA7: 1.75
MA20: 1.50
MA50: 1.35
MA100: 1.19
MAexp7: 1.95
MAexp20: 1.91
MAexp50: 1.86
MAexp100: 1.80
Price / MA7: +13.71%
Price / MA20: +32.67%
Price / MA50: +47.41%
Price / MA100: +67.23%
Price / MAexp7: +2.05%
Price / MAexp20: +4.19%
Price / MAexp50: +6.99%
Price / MAexp100: +10.56%

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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