CARDANO - ADA/USD - 1H - Technical analysis published on 11/23/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.01 USD
My targets
1.20 USD (+9.78%)
1.21 USD (+10.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CARDANO - ADA/USD as long as the price remains well above 1.01 USD. The buyers' bullish objective is set at 1.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.21 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARDANO - ADA/USD price is 1.09 USD. The price registered an increase of +7.32% on the session and was between 1.02 USD and 1.15 USD. This implies that the price is at +7.44% from its lowest and at -5.27% from its highest.1.02
1.15
1.09
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this CARDANO - ADA/USD chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.78 | 0.85 | 0.93 | 1.09 | 1.21 |
| Change (%) | -28.99% | -21.94% | -14.75% | - | +10.56% |
| Change | -0.32 | -0.24 | -0.16 | - | +0.12 |
| Level | Major | Intermediate | Minor | - | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.73 | 0.87 | 0.96 | 1.10 | 1.19 | 1.34 |
| Camarilla | 0.95 | 0.98 | 1.00 | 1.02 | 1.04 | 1.06 | 1.08 |
| Woodie | 0.67 | 0.74 | 0.90 | 0.97 | 1.13 | 1.21 | 1.37 |
| Fibonacci | 0.73 | 0.82 | 0.87 | 0.96 | 1.05 | 1.10 | 1.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.23 | 0.36 | 0.55 | 0.68 | 0.88 | 1.01 | 1.20 |
| Camarilla | 0.65 | 0.68 | 0.71 | 0.74 | 0.77 | 0.80 | 0.83 |
| Woodie | 0.26 | 0.37 | 0.58 | 0.70 | 0.90 | 1.02 | 1.23 |
| Fibonacci | 0.36 | 0.48 | 0.56 | 0.68 | 0.81 | 0.89 | 1.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.17 | 0.24 | 0.29 | 0.36 | 0.41 | 0.48 | 0.53 |
| Camarilla | 0.31 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 |
| Woodie | 0.16 | 0.24 | 0.28 | 0.36 | 0.40 | 0.48 | 0.52 |
| Fibonacci | 0.24 | 0.29 | 0.32 | 0.36 | 0.41 | 0.44 | 0.48 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.60 | |
| MACD (12,26,9): | 0.0575 | |
| Directional Movement: | 23.27 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.15 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.00 | |
| Zig ZAG (10): | 1.09 | |
| VORTEX (21): | 1.2907 | |
| Stochastique (14,3,5): | 69.66 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -29.91 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 1.1955 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8940 | |
| Courbe Coppock: | 29.96 |
| MA7: | 0.84 | |
| MA20: | 0.63 | |
| MA50: | 0.46 | |
| MA100: | 0.41 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.03 | |
| MAexp50: | 0.94 | |
| MAexp100: | 0.87 | |
| Price / MA7: | +29.42% | |
| Price / MA20: | +72.70% | |
| Price / MA50: | +136.25% | |
| Price / MA100: | +167.70% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | +6.61% | |
| Price / MAexp50: | +16.39% | |
| Price / MAexp100: | +25.88% |
Quotes :
-
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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