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Cardano (ADA) - March 21

BINANCE:ADAUSD   Cardano
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We have to see if we can get support from 1.15577388-1.22749797 and climb above the 1.29780698 point.

If you move down from the 1.15577388 point, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.

The next volatility period is around March 29th.

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(ADABTC 1D chart)
The ADA must ensure that it is supported by the 2097 Satoshi.

It remains to be seen if there is any movement deviating from the 1683 Satoshi-2511 Satoshi section due to volatility around March 25th.
In particular, it remains to be seen if it can break off the downtrend line and get support at 2217 Satoshi.

If it falls in the 1545 Satoshi-1683 Satoshi section, Stop Loss is required to preserve profit and loss.

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(ADAUSDT 1D chart)
We need to see if we can get support at the 1.16321-1.23899 section and move up along the uptrend line.

If you fall at the 1.16321 point, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.

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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 published by oh92. (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 profit or loss 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)

[Example of exchange chart setup]

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

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