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Cardano (ADA) - September 8

BINANCE:ADAUSDT   Cardano / TetherUS
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(ADAUSDT 1W Chart)
The key is whether you can climb to the 0.5184-0.6834 section.



(1D chart)
Primary resistance: 0.5184-0.5516
Secondary resistance: 0.6834

Support: 0.4591-0.4893

If resistance is found at 0.4591, it could fall to the 0.3321-0.3974 section, so countermeasures are needed.


The 0.5184-0.6834 interval is the interval that determines the trend.

Therefore, a full-fledged uptrend should rise above 0.6834.

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- The section that determines the trend is the section where support and resistance play a strong role.

Therefore, you should be cautious when trading when you are approaching a trend-determining interval.

This is because you may be able to buy at the high point.

Therefore, the section 0.4591-0.4893, which is the current location, is a section where only those who have already invested should respond.

If you bought in the current segment, a short-term response is required.

A new buy is when you see support at the 0.3321-0.3974 range or when you see support at 0.6834 or higher.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(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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