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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSDT
Total Profit: 4350 pip (377%)
Closed trade(s): 3334 pip Profit (289%)
Open trade(s): 1016 pip Profit (88%)

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 2.172(current price) - 1.156(open price) = 1016 pip (88%)
1 trade(s) still open, therefore total profit for open trade(s) is 1016 (88%) x 1 = 1016 pip (88%)

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 1.8300 is broken, we will close open trades.

DateOctober 14, 2021 - 07:25
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.8300 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 1.8300 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.9100 on 09/21/2021, so more gains to resistance(s) 2.2500, 2.4700, 2.7200 and more heights is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

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) Thu, 2 Dec 2021
Cardano (ADAUSD) free Sun, 21 Nov 2021
Cardano (ADAUSD) Mon, 15 Nov 2021
Cardano (ADAUSD) Tue, 9 Nov 2021
Cardano (ADAUSD) Thu, 4 Nov 2021