CARDANO - ADA/USD - 1H - Technical analysis published on 11/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 0.695414 USD
My targets
0.776314 USD (+7.64%)
0.875572 USD (+21.40%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.695414 USD remains possible. It is advisable to trade CARDANO - ADA/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.695414 USD. The next bullish objective for buyers is set at 0.776314 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.875572 USD. If there is any crossing, the next objective would be the resistance located at 1.208660 USD. PS: if there is a bearish break in the support located at 0.695414 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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Additional analysis
Quotes
CARDANO - ADA/USD rating 0.721202 USD. The price registered a decrease of -2.80% on the session with the lowest point at 0.692113 USD and the highest point at 0.776925 USD. The deviation from the price is +4.20% for the low point and -7.17% for the high point.0.692113
0.776925
0.721202
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CARDANO - ADA/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CARDANO - ADA/USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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 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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.610323 | 0.667354 | 0.695414 | 0.721202 | 0.776314 | 1.208660 |
| Change (%) | -15.37% | -7.47% | -3.58% | - | +7.64% | +67.59% |
| Change | -0.110879 | -0.053848 | -0.025788 | - | +0.055112 | +0.487458 |
| Level | Minor | Minor | Intermediate | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.575752 | 0.639439 | 0.690721 | 0.754408 | 0.805690 | 0.869377 | 0.920659 |
| Camarilla | 0.710387 | 0.720925 | 0.731464 | 0.742003 | 0.752542 | 0.763081 | 0.773620 |
| Woodie | 0.569550 | 0.636338 | 0.684519 | 0.751307 | 0.799488 | 0.866276 | 0.914457 |
| Fibonacci | 0.639439 | 0.683357 | 0.710490 | 0.754408 | 0.798326 | 0.825459 | 0.869377 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.226340 | 0.359910 | 0.550956 | 0.684526 | 0.875572 | 1.009142 | 1.200188 |
| Camarilla | 0.652734 | 0.682490 | 0.712247 | 0.742003 | 0.771760 | 0.801516 | 0.831272 |
| Woodie | 0.255079 | 0.374279 | 0.579695 | 0.698895 | 0.904311 | 1.023511 | 1.228927 |
| Fibonacci | 0.359910 | 0.483913 | 0.560522 | 0.684526 | 0.808529 | 0.885138 | 1.009142 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.174594 | 0.244941 | 0.293147 | 0.363494 | 0.411700 | 0.482047 | 0.530253 |
| Camarilla | 0.308752 | 0.319619 | 0.330487 | 0.341354 | 0.352221 | 0.363089 | 0.373956 |
| Woodie | 0.163525 | 0.239406 | 0.282078 | 0.357959 | 0.400631 | 0.476512 | 0.519184 |
| Fibonacci | 0.244941 | 0.290228 | 0.318206 | 0.363494 | 0.408781 | 0.436759 | 0.482047 |
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): | 48.51 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 6.288206 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.734071 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.750585 | |
| Elder Ray (13): | -0.005245 | |
| Super Trend (3,10): | 0.690522 | |
| Zig ZAG (10): | 0.725408 | |
| VORTEX (21): | 0.9609 | |
| Stochastique (14,3,5): | 31.21 | |
| TEMA (21): | 0.716214 | |
| Williams %R (14): | -61.55 | |
| Chande Momentum Oscillator (20): | -0.033880 | |
| Repulse (5,40,3): | 0.2991 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1279 | |
| Courbe Coppock: | 10.17 |
| MA7: | 0.645118 | |
| MA20: | 0.478388 | |
| MA50: | 0.402325 | |
| MA100: | 0.376672 | |
| MAexp7: | 0.722055 | |
| MAexp20: | 0.729400 | |
| MAexp50: | 0.704916 | |
| MAexp100: | 0.660620 | |
| Price / MA7: | +11.79% | |
| Price / MA20: | +50.76% | |
| Price / MA50: | +79.26% | |
| Price / MA100: | +91.47% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +9.17% |
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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