Cardano is currently in an ascending triangle, & we have bullish divergence on the 1 day chart. This could be a promising long trade. Get in before the breakout and before the bounce from the trendline, don't pay retail.
Buy in:
1828 satoshis
Sell target:
1875 satoshis
Stop loss:
1820 (Max of 0.43% loss)
Or you can avoid selling if you believe the breakout is imminent. Keep in mind it will not follow the triangle exactly and may go sideways. Long as we have higher highs and the same resistance I will remain bullish. This pattern works well in crypto. Risk to reward is over 5, but will probably not follow the trading plan exactly, so should be used as a reference.
Thanks for viewing. Leave your thoughts below, I will respond to all of them.
Buy in:
1828 satoshis
Sell target:
1875 satoshis
Stop loss:
1820 (Max of 0.43% loss)
Or you can avoid selling if you believe the breakout is imminent. Keep in mind it will not follow the triangle exactly and may go sideways. Long as we have higher highs and the same resistance I will remain bullish. This pattern works well in crypto. Risk to reward is over 5, but will probably not follow the trading plan exactly, so should be used as a reference.
Thanks for viewing. Leave your thoughts below, I will respond to all of them.
Nota
Look at how this pattern played out on IOTA yesterday. Textbook
Nota
1941 sats should be the target if we do break out. Nota
Dagangan ditutup: hentian tercapai
Stopped for now. Risk is too high. I closed at 1828 which was my entry. BTC drop caused this.Nota
This trade can recover if btc finds support somewhere.Nota
Going to wait for a few more candlesticks to see what will happen.Nota
Support still here, rebought some at 1832.
Nota
Bitcoin went up and ADA blasted off. Nobody can really predict these events.
Dagangan ditutup: hentian tercapai
I ended up selling my position for a 1% loss.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.