CARDANO - ADA/USD - Weekly - Technical analysis published on 02/23/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.060000 USD
My targets
0.483333 USD (-45.23%)
0.046667 USD (-94.71%)
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 1.060000 USD. The sellers' bearish objective is set at 0.483333 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.046667 USD. In case of crossing, the next objective would be the support located at 0.040000 USD.
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
5
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD rating is 0.882426 USD. The price is lower by -18.54% over the 5 days with the lowest point at 0.919307 USD and the highest point at 1.042310 USD. The deviation from the price is -4.01% for the low point and -15.34% for the high point.0.919307
1.042310
0.882426
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Weekly chart of CARDANO - ADA/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. 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
Pivot points : price is under support 1
Type : Neutral
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.040000 | 0.882426 | 1.060000 | 1.600000 | 2.290000 |
| Change (%) | -95.47% | - | +20.12% | +81.32% | +159.51% |
| Change | -0.842426 | - | +0.177574 | +0.717574 | +1.407574 |
| Level | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.751433 | 0.782944 | 0.834015 | 0.865526 | 0.916597 | 0.948108 | 0.999179 |
| Camarilla | 0.862376 | 0.869946 | 0.877516 | 0.885086 | 0.892656 | 0.900226 | 0.907796 |
| Woodie | 0.761213 | 0.787834 | 0.843795 | 0.870416 | 0.926377 | 0.952998 | 1.008959 |
| Fibonacci | 0.782944 | 0.814490 | 0.833980 | 0.865526 | 0.897072 | 0.916562 | 0.948108 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.788122 | 0.879061 | 0.938122 | 1.029061 | 1.088122 | 1.179061 | 1.238122 |
| Camarilla | 0.955933 | 0.969683 | 0.983433 | 0.997183 | 1.010933 | 1.024683 | 1.038433 |
| Woodie | 0.772183 | 0.871092 | 0.922183 | 1.021092 | 1.072183 | 1.171092 | 1.222183 |
| Fibonacci | 0.879061 | 0.936361 | 0.971761 | 1.029061 | 1.086361 | 1.121761 | 1.179061 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046667 | 0.483333 | 0.766667 | 1.203333 | 1.486667 | 1.923333 | 2.206667 |
| Camarilla | 0.852000 | 0.918000 | 0.984000 | 1.050000 | 1.116000 | 1.182000 | 1.248000 |
| Woodie | -0.030000 | 0.445000 | 0.690000 | 1.165000 | 1.410000 | 1.885000 | 2.130000 |
| Fibonacci | 0.483333 | 0.758373 | 0.928293 | 1.203333 | 1.478373 | 1.648293 | 1.923333 |
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): | 35.46 | |
| MACD (12,26,9): | -0.2121 | |
| Directional Movement: | -3.174020 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 1.134931 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.442698 | |
| Elder Ray (13): | -0.326866 | |
| Super Trend (3,10): | 1.827365 | |
| Zig ZAG (10): | 0.881760 | |
| VORTEX (21): | 0.8162 | |
| Stochastique (14,3,5): | 7.12 | |
| TEMA (21): | 0.864632 | |
| Williams %R (14): | -93.48 | |
| Chande Momentum Oscillator (20): | -0.499068 | |
| Repulse (5,40,3): | -29.7436 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2046 | |
| Courbe Coppock: | 84.03 |
| MA7: | 0.939155 | |
| MA20: | 1.056763 | |
| MA50: | 1.132926 | |
| MA100: | 1.302162 | |
| MAexp7: | 1.075148 | |
| MAexp20: | 1.363609 | |
| MAexp50: | 1.388589 | |
| MAexp100: | 1.093663 | |
| Price / MA7: | -6.04% | |
| Price / MA20: | -16.50% | |
| Price / MA50: | -22.11% | |
| Price / MA100: | -32.23% | |
| Price / MAexp7: | -17.93% | |
| Price / MAexp20: | -35.29% | |
| Price / MAexp50: | -36.45% | |
| Price / MAexp100: | -19.31% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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