CARDANO - ADA/USD - Weekly - Technical analysis published on 01/28/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.36 USD
My targets
0.72 USD (-30.77%)
0.49 USD (-52.88%)
My analysis
The strong short-term decrease of CARDANO - ADA/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.36 USD, a sale could be considered. The first bearish objective is located at 0.72 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.49 USD. If there is any crossing, the next objective would be support 0.09 USD. Caution, if there is a return to above 1.36 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.8
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Additional analysis
Quotes
The CARDANO - ADA/USD rating is 1.04 USD. Over 5 days, this instrument lost -7.26% and was traded between 0.95 USD and 1.14 USD over the period. The price is currently at +9.21% from its lowest point and -9.10% from its highest point.0.95
1.14
1.04
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 Weekly chart of CARDANO - ADA/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.09 | 1.04 | 1.06 | 1.98 | 2.29 |
| Change (%) | -91.35% | - | +1.92% | +90.38% | +120.19% |
| Change | -0.95 | - | +0.02 | +0.94 | +1.25 |
| Level | Minor | - | Major | 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 | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 | 1.16 |
| Camarilla | 1.02 | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.06 |
| Woodie | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 | 1.16 |
| Fibonacci | 0.97 | 1.00 | 1.02 | 1.05 | 1.08 | 1.10 | 1.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06 | 0.49 | 0.78 | 1.21 | 1.50 | 1.93 | 2.22 |
| Camarilla | 0.87 | 0.94 | 1.00 | 1.07 | 1.14 | 1.20 | 1.27 |
| Woodie | -0.01 | 0.46 | 0.71 | 1.18 | 1.43 | 1.90 | 2.15 |
| Fibonacci | 0.49 | 0.77 | 0.94 | 1.21 | 1.49 | 1.66 | 1.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 0.95 | 1.13 | 1.36 | 1.54 | 1.77 | 1.95 |
| Camarilla | 1.20 | 1.24 | 1.27 | 1.31 | 1.35 | 1.39 | 1.42 |
| Woodie | 0.70 | 0.94 | 1.11 | 1.35 | 1.52 | 1.76 | 1.93 |
| Fibonacci | 0.95 | 1.11 | 1.20 | 1.36 | 1.52 | 1.61 | 1.77 |
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): | 37.58 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -0.48 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.88 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 2.18 | |
| Zig ZAG (10): | 1.05 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 15.16 | |
| TEMA (21): | 1.10 | |
| Williams %R (14): | -90.94 | |
| Chande Momentum Oscillator (20): | -0.97 | |
| Repulse (5,40,3): | -28.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4500 | |
| Courbe Coppock: | 86.18 |
| MA7: | 1.07 | |
| MA20: | 1.21 | |
| MA50: | 1.27 | |
| MA100: | 1.56 | |
| MAexp7: | 1.26 | |
| MAexp20: | 1.54 | |
| MAexp50: | 1.45 | |
| MAexp100: | 1.10 | |
| Price / MA7: | -2.80% | |
| Price / MA20: | -14.05% | |
| Price / MA50: | -18.11% | |
| Price / MA100: | -33.33% | |
| Price / MAexp7: | -17.46% | |
| Price / MAexp20: | -32.47% | |
| Price / MAexp50: | -28.28% | |
| Price / MAexp100: | -5.45% |
Quotes :
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Real time data
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