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Cardano (ADA) – November 27 for BINANCE:ADAUSD by readCrypto

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(ADAUSD 1W Chart) – Mid-Long-Term Perspective

Above 1.316 point: Expected to create a new wave.

(1D chart)

First resistance section: near the 2.005 point

Second resistance section: 2.486-2.647

Support section: 1.363-1.524

You need to make sure you can get support and rise in the support zone .

If it falls from the 1.316 point, it could fall below the 1.043 point, so trade with caution.

The price must remain above the 1.524 point to turn into an uptrend.

To continue the uptrend, it must move above the 2.190 point.

Since it has moved down from the drawn uptrend line, it is expected that it will attempt a trend reversal with a movement like section A again to form a new trendline.

It is necessary to ensure that the position can be achieved above the support section.

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( ADABTC 1W chart)

1593 Satoshi – 1944 Satoshi or more: Expected to continue upward trend

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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 the price trend is in an uptrend or in a downtrend, 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 as price and volume move.

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.

(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** 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 the 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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