Cardano (ADA) - November 3

2 нояб. 2021 г.

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(ADAUSD 1W Chart) - Mid-Long-Term Perspective

Above 0.476 point: expected to continue uptrend

Above 1.316 point: expected to create a new wave


It is necessary to check whether the movement can come out this time as well as the previous movement.

It may drop below the 1.891 point and below the 1.547 point, so careful trading is required.


(1D chart)
First resistance section: 2.486-2.647
Second resistance zone: near point 2.968

First support section: near point 2.005
Second support section: 1.363-1.524


We need to see if we can hold the price in the 1.891-2.115 zone and move up along the uptrend line.

To do this, the red width of the OBV in the volume indicator should be converted to the green width.


In the CCI-RC indicator, since the CCI line is located in the range of -100 to +100, it can be seen that the ADA price is located in the sideways section.

To transition into an uptrend in ADA price, we need to see if the CCI line can move above the EMA line and above the +100 point.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)