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
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This analysis was given by ppril. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | |
---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.64 | 1.72 | 1.87 | 1.95 | 2.10 | 2.18 | 2.33 |
Camarilla | 1.95 | 1.97 | 1.99 | 2.01 | 2.03 | 2.05 | 2.07 |
Woodie | 1.67 | 1.74 | 1.90 | 1.97 | 2.13 | 2.20 | 2.36 |
Fibonacci | 1.72 | 1.81 | 1.87 | 1.95 | 2.04 | 2.10 | 2.18 |
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): | 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
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