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Cardano (ADA) - August 4

BINANCE:ADAUSDT   Cardano / TetherUS
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(ADAUSDT 1M Chart)
The key is whether it can be supported by rising to the 0.5184-0.6834 section.



(1W chart)
The key is whether it can find support near 0.4893 and move above 0.5184.

If it falls below the 0.3321-0.3974 range, it is likely to enter the long-term investment zone.


If the price is maintained above 0.6834, it is expected to continue the upward trend from a mid- to long-term perspective.



(1D chart)
Primary resistance: 0.5587-0.5960
Secondary resistance: 0.6834

1st support: 0.4591-0.4893
Second support: 0.3321-0.3974

You should see support above the 0.4591-0.4893 zone and see if it can move above 0.5184.


The 0.5184-0.6834 interval is the interval that determines the trend.

Therefore, if it is not supported in the 0.5184-0.6834 section and falls below 0.4591 and becomes resistance, a Stop Loss is required to secure cash.

However, since you can touch the 0.3321-0.3974 section and climb, you should also think about countermeasures.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

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

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[Example of exchange chart setup]

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

(Upbit)
www.tradingview.com/x/DF6cGh3G/

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