CARDANO (X100) - ADA/BTC
CARDANO (X100) - ADA/BTC
- BTC (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ADABTC
ISIN:

CARDANO (X100) - ADA/BTC - 1H - Technical analysis published on 01/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.002900 BTC
My targets
0.002975 BTC (+1.36%)
0.003102 BTC (+5.69%)
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 0.002900 BTC remains possible. It is advisable to trade CARDANO (X100) - ADA/BTC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.002900 BTC. The next bullish objective for buyers is set at 0.002975 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.003102 BTC. If there is any crossing, the next objective would be the resistance located at 0.004165 BTC. PS: if there is a bearish break in the support located at 0.002900 BTC 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4

This analysis was given by acruciani. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

CARDANO (X100) - ADA/BTC rating 0.002935 BTC. The price registered an increase of +1.14% on the session and was traded between 0.002886 BTC and 0.003052 BTC over the period. The price is currently at +1.70% from its lowest and -3.83% from its highest.

0.002886
0.003052
0.002935

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CARDANO (X100) - ADA/BTC indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral 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.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.002768 0.002831 0.002900 0.002935 0.002975 0.003102 0.004165
Change (%) -5.69% -3.54% -1.19% - +1.36% +5.69% +41.91%
Change -0.000167 -0.000104 -0.000035 - +0.000040 +0.000167 +0.001230
Level Minor Intermediate Major - Intermediate Major 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
Standard0.0026270.0027570.0028300.0029600.0030330.0031630.003236
Camarilla0.0028460.0028650.0028830.0029020.0029210.0029390.002958
Woodie0.0025980.0027430.0028010.0029460.0030040.0031490.003207
Fibonacci0.0027570.0028350.0028830.0029600.0030380.0030860.003163


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0023080.0024760.0026600.0028280.0030120.0031800.003364
Camarilla0.0027460.0027790.0028110.0028430.0028750.0029080.002940
Woodie0.0023150.0024800.0026670.0028320.0030190.0031840.003371
Fibonacci0.0024760.0026110.0026940.0028280.0029630.0030460.003180


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0019210.0022260.0025290.0028340.0031370.0034420.003745
Camarilla0.0026650.0027210.0027760.0028320.0028880.0029440.002999
Woodie0.0019200.0022260.0025280.0028340.0031360.0034420.003744
Fibonacci0.0022260.0024580.0026020.0028340.0030660.0032100.003442

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): 48.09
MACD (12,26,9): 0.0000
Directional Movement: 2.898143
AROON (14): 35.714286
DEMA (21): 0.002953
Parabolic SAR (0,02-0,02-0,2): 0.003030
Elder Ray (13): -0.000007
Super Trend (3,10): 0.002925
Zig ZAG (10): 0.002941
VORTEX (21): 1.0571
Stochastique (14,3,5): 23.26
TEMA (21): 0.002947
Williams %R (14): -81.88
Chande Momentum Oscillator (20): 0.000002
Repulse (5,40,3): -0.2692
ROCnROLL: -1
TRIX (15,9): 0.0293
Courbe Coppock: 1.74
MA7: 0.002846
MA20: 0.002875
MA50: 0.002796
MA100: 0.003083
MAexp7: 0.002945
MAexp20: 0.002947
MAexp50: 0.002930
MAexp100: 0.002897
Price / MA7: +3.13%
Price / MA20: +2.09%
Price / MA50: +4.97%
Price / MA100: -4.80%
Price / MAexp7: -0.34%
Price / MAexp20: -0.41%
Price / MAexp50: +0.17%
Price / MAexp100: +1.31%

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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