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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSD
Total Profit: 3348 point (69%)
Closed trade(s): 396 point Profit
Open trade(s): 2952 point Profit

Trade Setup:
We opened 13 BUY trades @ 0.4504 based on 'Two Day Reversal Candle' entry method at 2022-08-29.

Closed Profit:
TP1 @ 0.4900 touched at 2022-09-04 with 396 point Profit. (9%)

Open Profit:
Profit for one BUY trade is 0.475(current price) - 0.4504(open price) = 246 point (5%)
12 trade(s) still open, therefore total profit for open trade(s) is 246 (5%) x 12 = 2952 point (60%)

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.

DateSeptember 17, 2022 - 10:13
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.4020, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7350 breaks.
  • If the support at 0.4020 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.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.5240 on 09/10/2022, so more losses to support(s) 0.4200 and minimum to Major Support (0.4020) 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 48.

Take Profits:

  1. 0.4900
  2. 0.5700
  3. 0.6695
  4. 0.7350
  5. 0.9060
  6. 1.1017
  7. 1.2450
  8. 1.6345
  9. 1.9097
  10. 2.3797
  11. 2.7998
  12. 3.1000
Click on the level to view price action history.

Symbol Released Current Forecast
Cardano (ADAUSD) free Sun, 24 Mar 2024
Cardano (ADAUSD) 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