readCrypto

Cardano (ADA) - June 1

BINANCE:ADAUSD   Cardano
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(ADAUSD 1W Chart)

(1D chart)
We should see support at the 1.72836357 point and see if we can move higher.

If it goes down, you should check to see if it finds support at the 1.62533538-1.72836357 zone.

If it falls from the 1.62533538 point, you need a short-term Stop Loss.
However, careful trading is required as it can touch the 1.31605953 point and rise.

If it falls from the 1.31625079 point, a Stop Loss is required to preserve the profit.
However, it may follow an uptrend line, so you need to trade cautiously.

To say that the short-term stop loss point and the stop loss point for profit and loss are nearing means that the uptrend is slowing down or going sideways.


For some, it may be an opportunity to realize profits, for others, it may be an opportunity for new entrants.

However, it is recommended to make a careful decision according to the overall flow of the coin market.

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(ADABTC 1W chart)

(1D chart)
It remains to be seen if the 4580 Satoshi-4789 Satoshi section can support and rise.

If it goes down, we should see if it finds support at the 4163 Satoshi point.

If it falls in the 3536 Satoshi-3745 Satoshi section, a short-term Stop Loss is required.

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We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.