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Mar 12, 2021 12:55 AM

Cardano (ADA) - March 12 

Cardano / US DollarBinance

Description

Hello?
Dear traders, nice to meet you.

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We have to see if we can ascend to the 1.15577388-1.22749797 section.
In particular, it remains to be seen if it can break off the short-term downtrend line.

If it falls, we need to see if it is supported by the range 0.94060159-1.02750332.

If it falls between 0.65370521-0.72542930, Stop Loss is required to preserve profit and loss.


It remains to be seen if the OBV on the volume indicator can increase the center line as the green increases.

It remains to be seen if the CCI line turns upward on the CCI-RC indicator.
If the CCI line falls below 100, volatility may occur, so careful trading is necessary.


(OKEX ADAUSDT 1D Chart)


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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Comments
ProjectSyndicate
it's a neat technical review and great chart. looking good!
robinete84
Amazing charts bud. Top notch work.
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