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Cardano (ADA) - July 10

BINANCE:ADAUSD   Cardano
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(ADAUSD 1W Chart)
If the price holds above the 0.79290173-0.91799726 range, we expect the uptrend to continue.

In particular, if the price is maintained above the 1.31605953 point, it is expected to create a new wave.


(1D chart)
If the price is maintained in the 1.19108386-1.56147434 range, we expect the uptrend to continue.

However, the section 1.56147434-1.74666957 is a section that determines the direction, and if it does not break through this section upward, it may fall to the section 0.82069337-1.19108386, so you should also consider preparations for this.

It needs to move above the 1.74666957 point to accelerate the uptrend.

If it falls from the 1.19108386 point, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 0.79290173-0.91799726 section and rise.

If it falls in the range of 0.63549814-0.82069337, it is possible to enter the mid- to long-term investment area, so careful trading is required.

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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 above the 2982 Satoshi point, it is expected to create a new wave.

However, if it falls from the uptrend line, the support section is weak and there is a possibility of a sharp decline, so you should also think about preparing for this.

The expected drop point is near the 2147 Satoshi point.


(1D chart)
If the price is maintained above the 3818 Satoshi branch, it is expected to create a new wave.

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

In particular, if you fall from an uptrend line, there is a possibility of a sharp decline, so you should be prepared for this.

The 2147 Satoshi-2982 Satoshi section is a weak support zone, but within this range the decline is expected to stop.

Crisis opens up new opportunities.
However, it can be an opportunity or a bigger crisis, depending on where the support is coming from.
Therefore, it is essential to check which section is supported above all else.


We recommend that you trade with trends.
However, you cannot trade on either an uptrend line or a downtrend line.
This is because it is difficult to establish support and resistance zones.
Therefore, what is important in trading is the horizontal 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 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. 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 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/
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