CARDANO - ADA/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Weekly - Technical analysis published on 09/15/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.299899 USD

My targets

0.225445 USD (-8.77%)

0.195678 USD (-20.81%)

My analysis

CARDANO - ADA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.299899 USD. The next support located at 0.225445 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.195678 USD. Below this support, sellers could then target 0.150991 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

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 Henry07. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARDANO - ADA/USD rating is 0.247111 USD. Over 5 days, this instrument lost -2.53% with the lowest point at 0.236752 USD and the highest point at 0.255079 USD. The deviation from the price is +4.38% for the low point and -3.12% for the high point.

0.236752

0.255079

0.247111

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Weekly 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 market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.247111	0.447864	1.208852	2.289996
Change (%)	-	+81.24%	+389.19%	+826.71%
Change	-	+0.200753	+0.961741	+2.042885
Level	-	Intermediate	Minor	Intermediate

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	0.241889	0.244281	0.247783	0.250175	0.253677	0.256069	0.259571
Camarilla	0.249665	0.250205	0.250746	0.251286	0.251826	0.252367	0.252907
Woodie	0.242445	0.244559	0.248339	0.250453	0.254233	0.256347	0.260127
Fibonacci	0.244281	0.246532	0.247923	0.250175	0.252426	0.253817	0.256069

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.243119	0.247788	0.250654	0.255323	0.258189	0.262858	0.265724
Camarilla	0.251449	0.252140	0.252830	0.253521	0.254212	0.254902	0.255593
Woodie	0.242219	0.247337	0.249754	0.254872	0.257289	0.262407	0.264824
Fibonacci	0.247788	0.250666	0.252444	0.255323	0.258201	0.259979	0.262858

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.150991	0.195678	0.225445	0.270132	0.299899	0.344586	0.374353
Camarilla	0.234736	0.241561	0.248386	0.255211	0.262036	0.268861	0.275686
Woodie	0.143530	0.191948	0.217984	0.266402	0.292438	0.340856	0.366892
Fibonacci	0.195678	0.224120	0.241691	0.270132	0.298574	0.316145	0.344586

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):	34.97
MACD (12,26,9):	-0.0312
Directional Movement:	-7.959714
AROON (14):	0
DEMA (21):	0.258757
Parabolic SAR (0,02-0,02-0,2):	0.402700
Elder Ray (13):	-0.037038
Super Trend (3,10):	0.353814
Zig ZAG (10):	0.247169
VORTEX (21):	0.8245
Stochastique (14,3,5):	16.15
TEMA (21):	0.260279
Williams %R (14):	-92.67
Chande Momentum Oscillator (20):	-0.045319
Repulse (5,40,3):	-7.3103
ROCnROLL:	2
TRIX (15,9):	-1.0179
Courbe Coppock:	38.94

MA7:	0.248189
MA20:	0.255614
MA50:	0.273603
MA100:	0.283112
MAexp7:	0.266292
MAexp20:	0.298612
MAexp50:	0.385870
MAexp100:	0.523879
Price / MA7:	-0.43%
Price / MA20:	-3.33%
Price / MA50:	-9.68%
Price / MA100:	-12.72%
Price / MAexp7:	-7.20%
Price / MAexp20:	-17.25%
Price / MAexp50:	-35.96%
Price / MAexp100:	-52.83%

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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