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Cardano (ADA) - September 16

BINANCE:ADAUSD   Cardano
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(ADAUSD 1W Chart)
If the price holds above the 0.918 point, it is expected that the uptrend will continue.

In particular, if the price holds above the 1.316 point, it is expected to create a new wave.


(1D chart)
Section A is the old new high section.
At this point, what choices did you make?
And, what kind of decisions have you made in section B now...

Where can you sell to make a profit and where can you buy to make a profit is the question everyone is curious about.

I also think a lot about how to buy at a low price and sell at a high price.

To address this to some extent, I am profiting from marking points of support and resistance and reacting according to the criteria I set.


The section that formed a high in section A and was supported by falling is the section 0.918-1.130.

In particular, the surge came as it broke above the 1.547 point.

Therefore, if the decline is in the B section, it is highly likely to find support in the 0.918-1.547 section.

If the price can hold in the 2.486-2.647 range, the uptrend will continue.

If it does go down, it could drop near the 2.005 point, so you need to be careful with your trades.


If you've looked at my charts often, you'll see lines like the Fibonacci Retracement Ratio on most charts.
The section with two consecutive lines determines the trend, and expresses the section where support and resistance play a strong role.

Thus, the 2.486-2.647 zone will form a support and resistance zone.

If you look at the overall picture, the section 1.524-2.486 is a large crosswalk section.
The sidewalk section is divided into an upper sidewalk section and a lower circular section at the 2.005 point.

If the price is maintained in the 2.005-2.486 section, which is the upper sideways section, it can be judged that there is room for an uptrend.

However, I don't think it's a good idea to make a new investment as there is a strong support and resistance zone right above it.


If it falls to the 1.524-2.005 section, which is the lower sideways section, people will feel fear.

However, if the price is maintained, it can rise with a larger increase, so if you have confirmed the support, it is a section where you should proceed with a split purchase.


ADA, along with ETH, is one of the coins that has a successful staking service.
Therefore, it is a coin with a high possibility of continuing to rise in the medium to long term.

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(ADABTC 1W chart)
If the price is maintained above the 1593 satoshi-1944 satoshi range, it is expected that the upward trend will continue.

In particular, if the price is maintained over the volume profile section spanning the 2147 Satoshi-2982 Satoshi section, it is expected to create a new wave.

I think the 3953 Satoshi point or higher is the high point section.
Therefore, careful trading is required because it is considered to be the domain of those who hold rather than new investments in the highs.


(1D chart)
We need to see if we can sustain the price by finding support at the critical 5049 satoshi point and moving above the 5354 satoshi point.

If it goes down, we should see if there is support in the 4412 satoshi-4675 satoshi section.

If it falls from the 4412 Satoshi point, it can touch the 3251 Satoshi-3607 Satoshi section, so a short-term Stop Loss is required.


If the price holds above the 4675 satoshi point, I expect it to move up to the 5743 satoshi-6099 satoshi section and re-determine the trend.

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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 as price and volume move.
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 been released yet.
(Since it was not disclosed, 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.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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