readCrypto

Cardano (ADA) - August 24

BINANCE:ADAUSD   Cardano
Hello?
Welcome, traders.

By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.

-------------------------------------

(ADAUSD 1W Chart)
If the price holds above the 0.91799726 point, we expect the uptrend to continue.

If the price is maintained above the 1.31605953-1.39796354 range, it is expected to create a new wave.


(The current price is above the point or zone described above.
Therefore, the point or section described above becomes a Stop Loss point or section from a mid- to long-term investment perspective.

Also, if the price falls and the point described above is supported near the zone, it is a point or zone where you can buy.

I can't keep posting detailed explanations like this, so if you can make an analogy by looking at the posts and charts posted by analysts and guessing backwards, you're a very wealthy trader.)


(1D chart)
We need to see if we can get support by rising above the 2.96779392 point.

If it goes down, we should watch to see if it consolidates on the 2.64691820-2.96779392 section.

If it falls in the 2.48648034-2.64691820 section, there is a possibility that it will fall below the 2.00516676 point, so you should think about how to respond.

If it rises above the 2.96779392 point, it is expected that the direction will be determined again in the section 3.28866965-3.44910751.

-------------------------------------

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

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


(1D chart)
It is necessary to check whether support can be obtained in the 5743 Satoshi-6099 Satoshi section.
The 5743 Satoshi-6099 Satoshi section is the section that determines the direction.

If it goes down from the 5743 satoshi point, you should see support in the 4412 satoshi-5049 satoshi range.

If it falls from the previous high section, 4412 Satoshi-5049 Satoshi section, I think it is highly likely to touch the 3251 Satoshi-3607 Satoshi section.

Accordingly, you should think about how to respond.

The 2147 Satoshi-2982 Satoshi section is an important volume profile section.
A decline in this section is expected to turn into a downtrend.

------------------------------------------

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.

------------------------------------------------------------ -----------------------------------------------------

** 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/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.