Slippery09

Cardano can rise 83%

Panjang
BINANCE:ADAUSDT   Cardano / TetherUS
Here we have a set up for ADA.

The falling wedge bottoms out at the strong support of $1 so we can use a small stop, in case of a stop hunt, we can reenter without losing too much, (you can just make the stop larger if you prefer)

There is a possibility that this pattern is a descending triangle, rather than a descending wedge, in that case the outlook is bearish (another good reason for a small stop)

Target is at the 1.618 and the 1.782 fib extension, it's worth noting that there is a strong confluence of the 2.618 fib extension and the 1.68 fib at the 2.33 region.
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.