CARDANO - ADA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ADAUSD
ISIN:

CARDANO - ADA/USD - Daily - Technical analysis published on 09/18/2019 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

72%

22%

My opinion

Bullish above 0.051911 USD

My targets

0.061373 USD (+13.13%)

0.078952 USD (+45.54%)

My analysis

The strong short-term increase in Cardano - ADA/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.051911 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.061373 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.078952 USD as an objective. Crossing it would then enable buyers to target 0.097780 USD. Caution, a return under 0.051911 USD could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

2.5

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

Additional analysis

Quotes

The Cardano - ADA/USD price is 0.054249 USD. On the day, this instrument gained +11.01% and was traded between 0.048781 USD and 0.055578 USD over the period. The price is currently at +11.21% from its lowest and -2.39% from its highest.

0.048781

0.055578

0.054249

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

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of Cardano - ADA/USD in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.044440	0.051911	0.054249	0.061373	0.078952	0.097780
Change (%)	-18.08%	-4.31%	-	+13.13%	+45.54%	+80.24%
Change	-0.009809	-0.002338	-	+0.007124	+0.024703	+0.043531
Level	Major	Minor	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.043098	0.045030	0.046950	0.048882	0.050802	0.052734	0.054654
Camarilla	0.047810	0.048163	0.048516	0.048869	0.049222	0.049575	0.049928
Woodie	0.043091	0.045027	0.046943	0.048879	0.050795	0.052731	0.054647
Fibonacci	0.045030	0.046502	0.047411	0.048882	0.050354	0.051263	0.052734

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.040504	0.042362	0.044442	0.046300	0.048380	0.050238	0.052318
Camarilla	0.045440	0.045801	0.046162	0.046523	0.046884	0.047245	0.047606
Woodie	0.040616	0.042418	0.044554	0.046356	0.048492	0.050294	0.052430
Fibonacci	0.042362	0.043866	0.044795	0.046300	0.047804	0.048733	0.050238

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041030	0.041477	0.044091	0.044538	0.047152	0.047599	0.050213
Camarilla	0.045862	0.046143	0.046423	0.046704	0.046985	0.047265	0.047546
Woodie	0.042113	0.042019	0.045174	0.045080	0.048235	0.048141	0.051296
Fibonacci	0.041477	0.042647	0.043369	0.044538	0.045708	0.046430	0.047599

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):	65.38
MACD (12,26,9):	-0.0000
Directional Movement:	15.671272
AROON (14):	21.428574
DEMA (21):	0.046684
Parabolic SAR (0,02-0,02-0,2):	0.042281
Elder Ray (13):	0.004711
Super Trend (3,10):	0.042092
Zig ZAG (10):	0.054874
VORTEX (21):	1.0411
Stochastique (14,3,5):	84.83
TEMA (21):	0.048624
Williams %R (14):	-7.81
Chande Momentum Oscillator (20):	0.008642
Repulse (5,40,3):	13.3875
ROCnROLL:	1
TRIX (15,9):	-0.3059
Courbe Coppock:	10.18

MA7:	0.047370
MA20:	0.046220
MA50:	0.048956
MA100:	0.062340
MAexp7:	0.048441
MAexp20:	0.047303
MAexp50:	0.050735
MAexp100:	0.057114
Price / MA7:	+14.52%
Price / MA20:	+17.37%
Price / MA50:	+10.81%
Price / MA100:	-12.98%
Price / MAexp7:	+11.99%
Price / MAexp20:	+14.68%
Price / MAexp50:	+6.93%
Price / MAexp100:	-5.02%

This member declared not having a position on this financial instrument or a related financial instrument.

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