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

CARDANO - ADA/USD - Daily - Technical analysis published on 05/15/2021 (GMT)

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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
89%
0%
11%
My opinion
Bullish above 1.92 USD
My targets
2.29 USD (+7.37%)
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 1.92 USD. The next resistance located at 2.29 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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 ppril. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CARDANO - ADA/USD price is 2.13 USD. The price registered an increase of +5.97% on the session and was traded between 1.96 USD and 2.19 USD over the period. The price is currently at +8.67% from its lowest and -2.74% from its highest.

1.96
2.19
2.13

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 0.15 1.38 1.77 2.13
Change (%) -92.96% -35.21% -16.90% -
Change -1.98 -0.75 -0.36 -
Level Intermediate Major Minor -



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
Standard1.641.721.871.952.102.182.33
Camarilla1.951.971.992.012.032.052.07
Woodie1.671.741.901.972.132.202.36
Fibonacci1.721.811.871.952.042.102.18


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): 71.15
MACD (12,26,9): 0.1800
Directional Movement: 19.67
AROON (14): 78.57
DEMA (21): 1.83
Parabolic SAR (0,02-0,02-0,2): 1.48
Elder Ray (13): 0.36
Super Trend (3,10): 1.43
Zig ZAG (10): 2.12
VORTEX (21): 1.2300
Stochastique (14,3,5): 94.06
TEMA (21): 1.95
Williams %R (14): -7.34
Chande Momentum Oscillator (20): 0.76
Repulse (5,40,3): 20.9300
ROCnROLL: 1
TRIX (15,9): 1.2900
Courbe Coppock: 83.54
MA7: 1.83
MA20: 1.55
MA50: 1.36
MA100: 1.21
MAexp7: 1.86
MAexp20: 1.63
MAexp50: 1.41
MAexp100: 1.18
Price / MA7: +16.39%
Price / MA20: +37.42%
Price / MA50: +56.62%
Price / MA100: +76.03%
Price / MAexp7: +14.52%
Price / MAexp20: +30.67%
Price / MAexp50: +51.06%
Price / MAexp100: +80.51%

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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