CARDANO - ADA/USD - Daily - Technical analysis published on 05/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1.38 USD
My targets
1.64 USD (+6.99%)
1.77 USD (+15.69%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.38 USD remains possible. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.38 USD. The next bullish objective for buyers is set at 1.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.77 USD. If there is any crossing, the next objective would be the resistance located at 2.30 USD. PS: if there is a bearish break in the support located at 1.38 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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Additional analysis
Quotes
The CARDANO - ADA/USD price is 1.53 USD. On the day, this instrument lost -1.29% with the lowest point at 1.44 USD and the highest point at 1.65 USD. The deviation from the price is +6.25% for the low point and -7.27% for the high point.1.44
1.65
1.53
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Technical
Technical analysis of this Daily chart of CARDANO - ADA/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.33 | 1.09 | 1.38 | 1.53 | 1.56 | 1.77 | 2.30 |
| Change (%) | -78.43% | -28.76% | -9.80% | - | +1.96% | +15.69% | +50.33% |
| Change | -1.20 | -0.44 | -0.15 | - | +0.03 | +0.24 | +0.77 |
| Level | Minor | Major | Major | - | Intermediate | Minor | 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 | 1.00 | 1.13 | 1.34 | 1.47 | 1.68 | 1.81 | 2.02 |
| Camarilla | 1.46 | 1.49 | 1.52 | 1.55 | 1.58 | 1.61 | 1.64 |
| Woodie | 1.04 | 1.15 | 1.38 | 1.49 | 1.72 | 1.83 | 2.06 |
| Fibonacci | 1.13 | 1.26 | 1.34 | 1.47 | 1.60 | 1.68 | 1.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.64 | 0.19 | 0.82 | 1.65 | 2.28 | 3.11 | 3.74 |
| Camarilla | 1.06 | 1.19 | 1.33 | 1.46 | 1.59 | 1.73 | 1.86 |
| Woodie | -0.73 | 0.14 | 0.73 | 1.60 | 2.19 | 3.06 | 3.65 |
| Fibonacci | 0.19 | 0.74 | 1.09 | 1.65 | 2.20 | 2.55 | 3.11 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.36 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -9.63 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.30 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 2.44 | |
| Zig ZAG (10): | 1.52 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 30.69 | |
| TEMA (21): | 1.62 | |
| Williams %R (14): | -64.84 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | 3.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.9000 | |
| Courbe Coppock: | 12.21 |
| MA7: | 1.52 | |
| MA20: | 1.74 | |
| MA50: | 1.47 | |
| MA100: | 1.30 | |
| MAexp7: | 1.57 | |
| MAexp20: | 1.63 | |
| MAexp50: | 1.50 | |
| MAexp100: | 1.27 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | -12.07% | |
| Price / MA50: | +4.08% | |
| Price / MA100: | +17.69% | |
| Price / MAexp7: | -2.55% | |
| Price / MAexp20: | -6.13% | |
| Price / MAexp50: | +2.00% | |
| Price / MAexp100: | +20.47% |
Quotes :
-
Real time data
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Cryptocompare
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