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Cardano (ADA) - January 29

BINANCE:ADAUSD   Cardano
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You should watch the movements coming out of the 0.2955231-0.39315761 section.
In particular, you need to make sure it is supported at point 0.34767404.

If you fall from the 0.2955231 point, you need a short stop loss.

If it is supported by breaking above the 0.39315761 point, it is expected to rise towards the 0.47509936 point.

If it falls at the 0.22623228 point, a Stop Loss is needed to preserve profit and loss.

However, if you are investing in the medium and long term, the 0.13432800-0.17047300 section is a sideways section to create a new wave, so you need to think about how you trade up to this section.

In addition, if it falls from the 0.10178200 point, it will fall into the mid- to long-term investment zone, i.e. the bottom, so careful trading is necessary.

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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 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.
Hence, 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 published by oh92. (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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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