CARDANO (ADA) - BULLISH FORMATION
INTERPRETATION
ADABTC
has bullish symmetric triangle forming & likely to continue its upward trend post-consolidation. Current entry is risky so stop-loss was placed appropriately. Conservative traders can ignore breakout entry & wait until 6750 to enter @ the top triangle imaginary line to test for pull-back. First target @ ~7080 & final @ 8400. Confirmation of bullish run can be confirmed w/ additional buy markers (see below).
POSITION
Entry @ 5760 (Target 8400)
Stop-Loss @ 5580
BUY SIGNALS
- bullish symmetric triangle
CAUTIONS/CONSIDERATIONS
- T&K bull cross + Price-T&K bull cross + Price-Cloud entry & breakout = confirms bullish sentiment
ADABTC
has bullish symmetric triangle forming & likely to continue its upward trend post-consolidation. Current entry is risky so stop-loss was placed appropriately. Conservative traders can ignore breakout entry & wait until 6750 to enter @ the top triangle imaginary line to test for pull-back. First target @ ~7080 & final @ 8400. Confirmation of bullish run can be confirmed w/ additional buy markers (see below). POSITION
Entry @ 5760 (Target 8400)
Stop-Loss @ 5580
BUY SIGNALS
- bullish symmetric triangle
CAUTIONS/CONSIDERATIONS
- T&K bull cross + Price-T&K bull cross + Price-Cloud entry & breakout = confirms bullish sentiment
Transakcja zakończona: osiągnięto poziom stop:
INTERPRETATION
"Terrible Tuesday" caused the primary coins & alts to plummet before rebounding in a . Cardano ADA was no exception to the market. ADA currently trading sideways & may be hitting end of correction period before continuing its upward trend. Possible bullish flags forming. Consider entry if 0.382 fib resistance is passed.
POSITION
Closed @ 5580 (Stop-Loss)
Entry @ ~6000 (0.382 fib passed)
"Terrible Tuesday" caused the primary coins & alts to plummet before rebounding in a . Cardano ADA was no exception to the market. ADA currently trading sideways & may be hitting end of correction period before continuing its upward trend. Possible bullish flags forming. Consider entry if 0.382 fib resistance is passed.
POSITION
Closed @ 5580 (Stop-Loss)
Entry @ ~6000 (0.382 fib passed)
Komentarz:
