readCrypto

Cardano (ADA) - March 16

BINANCE:ADAUSDT   Cardano / TetherUS
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(ADAUSDT 1D Chart)
Resistance range: 1.344-1.509

Support section: 0.518-0.683


We need to see if we can move above the 1.013 point by moving up along the uptrend line (2).

It must rise above the 1.170 point to turn into an uptrend.

If it declines from 0.518-0.683, it is highly likely to enter the mid- to long-term investment zone, so you need to trade cautiously.


The next volatility period is around March 29th.

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(ADAUSD 1W Chart)
Above 0.793-0.918: Expected to create a new wave.

0.345-0.476 or less: mid- to long-term investment area

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(ADABTC 1W chart)
0.0000 1593 - 0.0000 1944 or higher: Expected to continue upward trend

The price needs to rise above the 0.0000 2512 point in order to turn into an uptrend.

If it falls below 0.0000 1593, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

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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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.

(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.)

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[Example of exchange chart setup]

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

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