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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSD
Total Profit: 1659 point (49%)
Closed trade(s): 152 point Profit
Open trade(s): 1507 point Profit

Trade Setup:
We opened 12 BUY trades @ 0.3298 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 0.3450 touched at 2023-03-13 with 152 point Profit. (5%)

Open Profit:
Profit for one BUY trade is 0.3435(current price) - 0.3298(open price) = 137 point (4%)
11 trade(s) still open, therefore total profit for open trade(s) is 137 (4%) x 11 = 1507 point (44%)

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.

DateMarch 13, 2023 - 17:02
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2390, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4215 breaks.
  • If the support at 0.2390 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.2975 on 03/10/2023, so more gains to resistance(s) 0.3450, 0.3800 and maximum to Major Resistance (0.4215) 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 49.

Take Profits:

  1. 0.3450
  2. 0.3800
  3. 0.4215
  4. 0.5950
  5. 0.6695
  6. 0.9060
  7. 1.2450
  8. 1.6345
  9. 1.9097
  10. 2.3797
  11. 3.1000
Click on the level to view price action history.

Symbol Released Current Forecast
Cardano (ADAUSD) free Sat, 24 Feb 2024
Cardano (ADAUSD) free Mon, 19 Feb 2024
Cardano (ADAUSD) Sun, 11 Feb 2024
Cardano (ADAUSD) free Sun, 4 Feb 2024
Cardano (ADAUSD) free Sun, 28 Jan 2024