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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSD
Total Profit: 3674 point (110%)
Closed trade(s): 654 point Profit
Open trade(s): 3020 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%)
TP2 @ 0.3800 touched at 2023-03-21 with 502 point Profit. (15%)
152 (5%) + 502 (15%) = 654 point (20%)

Open Profit:
Profit for one BUY trade is 0.36(current price) - 0.3298(open price) = 302 point (9%)
10 trade(s) still open, therefore total profit for open trade(s) is 302 (9%) x 10 = 3020 point (90%)

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 25, 2023 - 11:12
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) 0.3800 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 54.

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) new Sun, 28 May 2023
Cardano (ADAUSD) Sat, 20 May 2023
Cardano (ADAUSD) free Sun, 14 May 2023
Cardano (ADAUSD) free Sun, 7 May 2023
Cardano (ADAUSD) Sun, 30 Apr 2023
History
Daily-Trading-Opportunities on ADAUSD.