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Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSD
Total Profit: 5378 point (165%)
Closed trade(s): 1571 point Profit
Open trade(s): 3807 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%)
TP3 @ 0.4215 touched at 2023-04-13 with 917 point Profit. (28%)
152 (5%) + 502 (15%) + 917 (28%) = 1571 point (48%)

Open Profit:
Profit for one BUY trade is 0.3721(current price) - 0.3298(open price) = 423 point (13%)
9 trade(s) still open, therefore total profit for open trade(s) is 423 (13%) x 9 = 3807 point (117%)

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.

DateMay 28, 2023 - 10:13
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.2975 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.3485 on 05/11/2023, so more gains to resistance(s) 0.3800, 0.4215, 0.4615 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 50.

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) Sun, 21 Jul 2024
Cardano (ADAUSD) Wed, 17 Jul 2024
Cardano (ADAUSD) Mon, 8 Jul 2024
Cardano (ADAUSD) Sun, 30 Jun 2024
Cardano (ADAUSD) Sat, 22 Jun 2024