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Cardano (ADA) - March 28

BINANCE:ADAUSDT   Cardano / TetherUS
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** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward.


(ADAUSDT 1W Chart)

Section 1 (1.052-1.170) is the inverted section of the indicator and is expected to rock up and down, so trade cautiously.


Section 2 (1.344-1.509) is the trend-setting section and is expected to find resistance.


If it falls below 1.104, we expect to touch section 5 (0.518-0.683), so a short stop loss is necessary.



(1D chart)
If the price holds above 1.170, it is expected to turn into an uptrend.

However, it is expected that the upward trend will continue only when it rises above the 1.344-1.509 section.


(buy)
- After confirming that it is supported at 1.170 or higher
- When reconfirming support in section 4 (1.014-1.052)

(Stop Loss)
- When it falls below 1.014
- When it falls below 0.888

(Sell)
- When receiving resistance in the range 1.344-1.509
- The area around 2.004 is a psychological resistance section when receiving resistance.


The keypoint point is 1.170.

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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 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 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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