CARDANO - ADA/USD - 1H - Technical analysis published on 06/19/2021 (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
50%
6%
44%
My opinion
Bearish under 1.45 USD
My targets
1.40 USD (-1.41%)
1.38 USD (-2.82%)
My analysis
The bearish trend is currently very strong for CARDANO - ADA/USD. As long as the price remains below the resistance at 1.45 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.40 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.38 USD as an objective. Crossing it would then enable sellers to target 1.36 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.6
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Additional analysis
Quotes
The CARDANO - ADA/USD rating is 1.42 USD. The price registered an increase of +0.00% on the session and was traded between 1.41 USD and 1.44 USD over the period. The price is currently at +0.71% from its lowest and -1.39% from its highest.1.41
1.44
1.42
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CARDANO - ADA/USD:
Technical
A technical analysis in 1H of this CARDANO - ADA/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.36 | 1.38 | 1.40 | 1.42 | 1.45 | 1.49 | 1.53 |
| Change (%) | -4.23% | -2.82% | -1.41% | - | +2.11% | +4.93% | +7.75% |
| Change | -0.06 | -0.04 | -0.02 | - | +0.03 | +0.07 | +0.11 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 1.26 | 1.32 | 1.37 | 1.43 | 1.48 | 1.54 | 1.59 |
| Camarilla | 1.39 | 1.40 | 1.41 | 1.42 | 1.43 | 1.44 | 1.45 |
| Woodie | 1.26 | 1.32 | 1.37 | 1.43 | 1.48 | 1.54 | 1.59 |
| Fibonacci | 1.32 | 1.36 | 1.39 | 1.43 | 1.47 | 1.50 | 1.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 1.15 | 1.31 | 1.53 | 1.69 | 1.91 | 2.07 |
| Camarilla | 1.38 | 1.41 | 1.45 | 1.48 | 1.52 | 1.55 | 1.59 |
| Woodie | 0.91 | 1.14 | 1.29 | 1.52 | 1.67 | 1.90 | 2.05 |
| Fibonacci | 1.15 | 1.29 | 1.38 | 1.53 | 1.67 | 1.76 | 1.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.45 | 0.28 | 1.01 | 1.74 | 2.47 | 3.20 | 3.93 |
| Camarilla | 1.34 | 1.47 | 1.61 | 1.74 | 1.87 | 2.01 | 2.14 |
| Woodie | -0.45 | 0.28 | 1.01 | 1.74 | 2.47 | 3.20 | 3.93 |
| Fibonacci | 0.28 | 0.84 | 1.18 | 1.74 | 2.30 | 2.64 | 3.20 |
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): | 44.90 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.00 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.38 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.45 | |
| Zig ZAG (10): | 1.42 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 54.78 | |
| TEMA (21): | 1.41 | |
| Williams %R (14): | -39.09 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 4.86 |
| MA7: | 1.50 | |
| MA20: | 1.59 | |
| MA50: | 1.63 | |
| MA100: | 1.42 | |
| MAexp7: | 1.42 | |
| MAexp20: | 1.43 | |
| MAexp50: | 1.46 | |
| MAexp100: | 1.48 | |
| Price / MA7: | -5.33% | |
| Price / MA20: | -10.69% | |
| Price / MA50: | -12.88% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -2.74% | |
| Price / MAexp100: | -4.05% |
Quotes :
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Real time data
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