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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSDT
Total Profit: 4899 pip (424%)
Closed trade(s): 3334 pip Profit (289%)
Open trade(s): 1565 pip Profit (135%)

Trade Setup:
We opened 7 BUY trade(s) @ 1.156 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 1.240 touched at 2021.07.24 with 84 pip Profit (7%).
TP2 @ 1.350 touched at 2021.07.26 with 194 pip Profit (17%).
TP3 @ 1.560 touched at 2021.08.10 with 404 pip Profit (35%).
TP4 @ 1.740 touched at 2021.08.11 with 584 pip Profit (51%).
TP5 @ 1.910 touched at 2021.08.13 with 754 pip Profit (65%).
TP6 @ 2.470 touched at 2021.08.20 with 1314 pip Profit (114%).
84 (7%) + 194 (17%) + 404 (35%) + 584 (51%) + 754 (65%) + 1314 (114%) = 3334 pip (289%)

Open Profit:
Profit for one trade is 2.721(current price) - 1.156(open price) = 1565 pip (135%)
1 trade(s) still open, therefore total profit for open trade(s) is 1565 (135%) x 1 = 1565 pip (135%)

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.
  • If the Midterm level 1.7400 is broken, we will close open trades.

DateSeptember 11, 2021 - 16:24
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.7400 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.7400 is broken.

Technical analysis:

  • A trough is formed in daily chart at 2.0000 on 09/07/2021, so more gains to resistance(s) 3.1000 and more heights 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 56.

Take Profits:

  1. 1.2400
  2. 1.3500
  3. 1.5600
  4. 1.7400
  5. 1.9100
  6. 2.4700
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