Cardano (ADA) - May 17Hello?
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(ADAUSD 1W chart)
The important support zone is 1.31605953-1.54665122.
You have to watch to see if it rises along the uptrend line.
(1D chart)
We have to see if we can get support at 2.24350456 and climb above 2.55258915.
If it falls, you need to make sure you get support at 2.14047637-2.24350456
If you fall from 1.62533538-1.72836357, you need a short stop loss.
The next volatility period is around May 20th.
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(ADABTC 1W chart)
(1D chart)
We have to see if we can get support at the 4789 Satoshi point and climb above the 5700 Satoshi point.
If it falls, you need to make sure you get support in the 4580 Satoshi-4789 Satoshi section.
If you fall in the 3536 Satoshi-3745 Satoshi section, a short stop loss is required.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
