Cardano (ADA) - July 23

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(ADAUSDT 1W chart)
Whether or not it can move higher than 0.6611 is key.


(1D chart)
The key is whether it can find support near 0.4619 and move above 0.5290.

A move above 0.5290 is likely to break out of the downtrend line and lead to further upside.


A move below the 0.3448 point or near the uptrend line could lead to further declines, so trade cautiously.

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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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.

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

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