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Cardano (ADA) - June 20

BINANCE:ADAUSD   Cardano
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(ADAUSD 1W Chart)
It remains to be seen if the price can sustain above the 1.31605953 point.

If the price holds above the 0.79290173 point, it is expected to create a new wave.


(1D chart)
It remains to be seen if the price can sustain in the 1.19108386-1.56147434 range.

If it falls from the 1.19108386 point, a Stop Loss is required to preserve profit and loss.
In many cases, it may follow an uptrend line, so you need to trade cautiously.

To break away from the downtrend line, we need to see if we can find support at the 1.39796354 point.


There is virtually no trade to do as the price is falling due to a sharp drop in trading volume.
This decline in price due to a decrease in trading volume is because an increase in trading volume can lead to a rapid price increase at any time.

Therefore, I think it is good to proceed with trading after seeing the increase in trading volume.

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(ADABTC 1W chart)
If the price holds above the 2982 Satoshi point, it is expected that the uptrend will continue.

If it falls in the 1593 Satoshi-1944 Satoshi section, it may take a long time to rise as it enters the mid- to long-term investment area.
Accordingly, careful trading is required.


(1D chart)
It remains to be seen if the 3818 Satoshi point can find support and move higher.

If it goes down, we should see if there is support in the 3438 Satoshi-3818 Satoshi section.

The 2147 Satoshi-2982 Satoshi section is an important support section.

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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 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(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.

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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

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