website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Cardano technical chart
Symbol ADAUSD
Trade Setup

#ADAUSD
Total Loss: 26730 point (310%)
Closed trade(s): 26730 point Loss

Trade Setup:
We opened 10 BUY trades @ 0.8762 based on 'Valley' entry method at 2022-05-04.

Closed Loss:
SL @ 0.6089 touched at 2022-05-09 with 26730 point Loss. (310%)
Loss for one BUY trade is 0.8762(open price) - 0.6089(close price) = 2673 point (31%)
Therefore total loss for trades is 2673 (31%) x 10 = 26730 point (310%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 14, 2022 - 06:22
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.7350 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.9060 on 05/05/2022, so more losses to support(s) 0.4000, 0.1850 and more depths 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 31.

Symbol Released Current Forecast
Cardano (ADAUSD) free Sun, 24 Mar 2024
Cardano (ADAUSD) free Sun, 17 Mar 2024
Cardano (ADAUSD) free Sun, 10 Mar 2024
Cardano (ADAUSD) free Sun, 3 Mar 2024
Cardano (ADAUSD) free Sat, 24 Feb 2024