Cardano (ADA) - October 16

15 ott 2021

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(ADAUSD 1W Chart) - Mid-Long-Term Perspective

Above 0.918 point: expected to continue uptrend

Above 1.398 point: Expected to create a new wave.


(1D chart)
Resistance range: 2.486-2.647

First support section: near point 2.005
Second support section: 1.363-1.524


If the price holds above the first support level, it is expected to move upwards along the uptrend line.


A decline from the 1.891 point may touch the second support area, requiring a short-term Stop Loss.

However, it can touch the uptrend line and move up, so you need to think about how to react.


I think the resistance section is an important section that determines the trend.
So, if it rises to the resistance section, you need to check the flow.

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(ADABTC 1W Chart) - Mid- to long-term perspective

1593 Satoshi - 1944 Satoshi or more: Expected to continue upward trend

2982 Satoshi point and above: Expected to create a new wave.


(1D chart)

Resistance section: 4675 near Satoshi point

Support section: 3251 Satoshi-3607 Satoshi section


I think the most important section is the 2147 Satoshi-2982 Satoshi section.

However, if it falls from the support zone, there is a possibility that it may break out of the uptrend, so a short-term Stop Loss is necessary.

However, if support is confirmed in the 2147 Satoshi-2982 Satoshi section, which I mentioned as the most important section, it is necessary to consider whether it is possible to buy.

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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 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.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of 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 yet been released.
(Because it is not public, 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.)