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 - 1H - Technical analysis published on 06/12/2021 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.56 USD
My targets
1.38 USD (-0.72%)
1.09 USD (-21.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CARDANO - ADA/USD as long as the price remains well below 1.56 USD. The sellers' bearish objective is set at 1.38 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.09 USD. In case of crossing, the next objective would be the support located at 0.33 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7

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 imunique. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CARDANO - ADA/USD rating 1.39 USD. On the day, this instrument lost -3.47% and was traded between 1.38 USD and 1.44 USD over the period. The price is currently at +0.72% from its lowest and -3.47% from its highest.

1.38
1.44
1.39

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

Central Gaps

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 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

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 under support 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.33 1.09 1.38 1.39 1.56 1.61 1.78
Change (%) -76.26% -21.58% -0.72% - +12.23% +15.83% +28.06%
Change -1.06 -0.30 -0.01 - +0.17 +0.22 +0.39
Level Minor Major Major - Intermediate Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.251.341.381.471.511.601.64
Camarilla1.391.411.421.431.441.451.47
Woodie1.241.331.371.461.501.591.63
Fibonacci1.341.391.421.471.521.551.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.841.091.381.631.922.172.46
Camarilla1.511.561.611.661.711.761.81
Woodie0.851.101.391.641.932.182.47
Fibonacci1.091.301.431.631.841.972.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.450.281.011.742.473.203.93
Camarilla1.341.471.611.741.872.012.14
Woodie-0.450.281.011.742.473.203.93
Fibonacci0.280.841.181.742.302.643.20

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): 23.30
MACD (12,26,9): -0.0300
Directional Movement: -36.20
AROON (14): -100.00
DEMA (21): 1.42
Parabolic SAR (0,02-0,02-0,2): 1.44
Elder Ray (13): -0.05
Super Trend (3,10): 1.47
Zig ZAG (10): 1.39
VORTEX (21): 0.7600
Stochastique (14,3,5): 5.10
TEMA (21): 1.40
Williams %R (14): -96.12
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): -3.9900
ROCnROLL: 2
TRIX (15,9): -0.2400
Courbe Coppock: 11.89
MA7: 1.54
MA20: 1.61
MA50: 1.59
MA100: 1.40
MAexp7: 1.42
MAexp20: 1.46
MAexp50: 1.50
MAexp100: 1.54
Price / MA7: -9.74%
Price / MA20: -13.66%
Price / MA50: -12.58%
Price / MA100: -0.71%
Price / MAexp7: -2.11%
Price / MAexp20: -4.79%
Price / MAexp50: -7.33%
Price / MAexp100: -9.74%

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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