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Weekly forecast Cardano technical chart
Symbol ADAUSD

Download MT4 template file

Trade Setup

#ADAUSDT
Total Profit: 10528 pip (89%)
Closed trade(s): 2783 pip Profit (24%)
Open trade(s): 7745 pip Profit (65%)

Trade Setup:
We opened 7 BUY trade(s) @ 1.1556 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 1.2410 touched at 2021.07.24 with 854 pip Profit (7%).
TP2 @ 1.3485 touched at 2021.07.26 with 1929 pip Profit (17%).
854 (7%) + 1929 (17%) = 2783 pip (24%)

Open Profit:
Profit for one trade is 1.3105(current price) - 1.1556(open price) = 1549 pip (13%)
5 trade(s) still open, therefore total profit for open trade(s) is 1549 (13%) x 5 = 7745 pip (65%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 30, 2021 - 21:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.8055, beginning of uptrend is expected.
  • We make sure when the resistance at 1.5565 breaks.
  • If the support at 0.8055 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.04 on 07/21/2021, so more gains to resistance(s) 1.35 and maximum to Major Resistance (1.56) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 1.24
  2. 1.35
  3. 1.56
  4. 1.74
  5. 1.91
  6. 2.47
Click on the level to view price action history.

Symbol Released Current Forecast
Cardano (ADAUSD) new free Sun, 17 Mar 2024
Cardano (ADAUSD) free Sun, 10 Mar 2024
Cardano (ADAUSD) free Sun, 3 Mar 2024
Cardano (ADAUSD) free Sat, 24 Feb 2024
Cardano (ADAUSD) free Mon, 19 Feb 2024