CARDANO - ADA/USD - 1H - Technical analysis published on 02/16/2024 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.579319 USD
My targets
0.612456 USD (+0.54%)
0.661954 USD (+8.66%)
My analysis
The bullish trend is currently very strong on CARDANO - ADA/USD. As long as the price remains above the support at 0.579319 USD, you could try to benefit from the boom. The first bullish objective is located at 0.612456 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.661954 USD as an objective. Crossing it would then enable buyers to target 1.208852 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARDANO - ADA/USD rating 0.609172 USD. The price registered a decrease of -0.04% on the session and was between 0.601385 USD and 0.612404 USD. This implies that the price is at +1.29% from its lowest and at -0.53% from its highest.0.601385
0.612404
0.609172
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CARDANO - ADA/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.549425 | 0.565570 | 0.579319 | 0.609172 | 0.612346 | 0.661954 | 1.208852 |
| Change (%) | -9.81% | -7.16% | -4.90% | - | +0.52% | +8.66% | +98.44% |
| Change | -0.059747 | -0.043602 | -0.029853 | - | +0.003174 | +0.052782 | +0.599680 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 0.542272 | 0.556873 | 0.583144 | 0.597745 | 0.624016 | 0.638617 | 0.664888 |
| Camarilla | 0.598175 | 0.601922 | 0.605668 | 0.609415 | 0.613162 | 0.616908 | 0.620655 |
| Woodie | 0.548107 | 0.559791 | 0.588979 | 0.600663 | 0.629851 | 0.641535 | 0.670723 |
| Fibonacci | 0.556873 | 0.572486 | 0.582132 | 0.597745 | 0.613358 | 0.623004 | 0.638617 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.412680 | 0.443070 | 0.497373 | 0.527763 | 0.582066 | 0.612456 | 0.666759 |
| Camarilla | 0.528384 | 0.536148 | 0.543912 | 0.551675 | 0.559439 | 0.567202 | 0.574966 |
| Woodie | 0.424636 | 0.449048 | 0.509329 | 0.533741 | 0.594022 | 0.618434 | 0.678715 |
| Fibonacci | 0.443070 | 0.475423 | 0.495411 | 0.527763 | 0.560116 | 0.580104 | 0.612456 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.226528 | 0.336971 | 0.417209 | 0.527652 | 0.607890 | 0.718333 | 0.798571 |
| Camarilla | 0.445009 | 0.462488 | 0.479967 | 0.497446 | 0.514925 | 0.532404 | 0.549883 |
| Woodie | 0.211425 | 0.329420 | 0.402106 | 0.520101 | 0.592787 | 0.710782 | 0.783468 |
| Fibonacci | 0.336971 | 0.409812 | 0.454812 | 0.527652 | 0.600493 | 0.645493 | 0.718333 |
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): | 64.18 | |
| MACD (12,26,9): | 0.0073 | |
| Directional Movement: | 10.646519 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.609835 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.591933 | |
| Elder Ray (13): | 0.006474 | |
| Super Trend (3,10): | 0.587892 | |
| Zig ZAG (10): | 0.609890 | |
| VORTEX (21): | 1.1781 | |
| Stochastique (14,3,5): | 79.57 | |
| TEMA (21): | 0.609968 | |
| Williams %R (14): | -12.35 | |
| Chande Momentum Oscillator (20): | 0.009249 | |
| Repulse (5,40,3): | 0.8126 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1862 | |
| Courbe Coppock: | 3.20 |
| MA7: | 0.570561 | |
| MA20: | 0.530827 | |
| MA50: | 0.532818 | |
| MA100: | 0.505250 | |
| MAexp7: | 0.606015 | |
| MAexp20: | 0.599943 | |
| MAexp50: | 0.586051 | |
| MAexp100: | 0.571346 | |
| Price / MA7: | +6.77% | |
| Price / MA20: | +14.76% | |
| Price / MA50: | +14.33% | |
| Price / MA100: | +20.57% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +3.95% | |
| Price / MAexp100: | +6.62% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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