Cardano (ADA) - June 23

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(ADAUSDT 1W Chart)
1.0520-1.3190 or higher: A section that is expected to create a new wave.

Below 0.6611 is likely to be a mid- to long-term investment area.

Anything below 0.3448 is likely a long-term investment area.

So, the key is whether it can move higher than 0.6611.



(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.5187 and find support to turn into an uptrend.

However, we expect it to move higher than 0.6611 and break out of the downtrend line to lead to further gains.


Below 0.3448 is likely a long-term investment area, so trade with caution.

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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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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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