$ADA/BTC 1W (Binance Spot) Huge symmetrical triangle breakout
Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Fib. Retracement= 0.618 | 1.117 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.25 years
cardano.org/
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Fib. Retracement= 0.618 | 1.117 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.25 years
cardano.org/
Trade ativo:
2/3 entries filled
Cardano is still dipping inside the demand zone, not affected too much by extreme market conditions lately which is a good sign.
Cardano is still dipping inside the demand zone, not affected too much by extreme market conditions lately which is a good sign.
Comentário:
Retraced down to support
Cardano bounced back on 100MA (green) & 150EMA (blue) and formed a falling wedge.
A lot of haters but does not look that bad in satoshi, we still expect a rally to take place this semester!
Also RSI looks historically bottomed here... 📈
Cardano bounced back on 100MA (green) & 150EMA (blue) and formed a falling wedge.
A lot of haters but does not look that bad in satoshi, we still expect a rally to take place this semester!
Also RSI looks historically bottomed here... 📈
Trade fechado: stop atingido:
SL hit with -26.08% and -1R
Cardano was not able to stay above support and broke the wedge down after all, too bad.
Cardano was not able to stay above support and broke the wedge down after all, too bad.
Comentário:
Would be back to Break-Even
Cardano bounced after stop hunting us, that's too sad but it's part of trading with risk management.
If you are still holding, now could be a good opportunity to exit without loss, since demand zone is acting as supply!
Cardano bounced after stop hunting us, that's too sad but it's part of trading with risk management.
If you are still holding, now could be a good opportunity to exit without loss, since demand zone is acting as supply!
Cardano precisely retested 100EMA support and bounced back, this is only the beginning of a long road!