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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)

DateDecember 2, 2023 - 20:23
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.3030 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 0.3400 on 11/14/2023, so more gains to resistance(s) 0.3950, 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 62.

Take Profits:

  1. 0.2735
  2. 0.3030
  3. 0.3484
  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) Mon, 30 Sep 2024
Cardano (ADAUSD) Sat, 21 Sep 2024
Cardano (ADAUSD) Sun, 15 Sep 2024
Cardano (ADAUSD) Tue, 10 Sep 2024
Cardano (ADAUSD) Mon, 2 Sep 2024