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Weekly forecast Cardano technical chart
Symbol ADAUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.2390 to 0.2200). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.2390)
  • Ending of entry zone (0.2200)

DateSeptember 16, 2023 - 10:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2200, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4615 breaks.
  • If the support at 0.2200 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.2800 on 08/29/2023, so more losses to support(s) 0.2390 and minimum to Major Support (0.2200) 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 40.

Take Profits:

  1. 0.2755
  2. 0.3050
  3. 0.3485
  4. 0.3795
  5. 0.4215
  6. 0.4615
  7. 0.5950
  8. 0.6695
  9. 0.9060
  10. 1.2450
  11. 1.6345
  12. 1.9097
  13. 2.3797
  14. 3.1000
Click on the level to view price action history.

Symbol Released Current Forecast
Cardano (ADAUSD) new Wed, 17 Jul 2024
Cardano (ADAUSD) Mon, 8 Jul 2024
Cardano (ADAUSD) Sun, 30 Jun 2024
Cardano (ADAUSD) Sat, 22 Jun 2024
Cardano (ADAUSD) Sun, 16 Jun 2024