CARDANO HTF SYM TRIANGLE PLAY
Updated
ADABTC forming a bullish Sym triangle which normally would play out to the upside, however pending BTC action we may see all alt coins take further dumping as BTC pumps.
Currently waiting for confirmation on ADABTC before taking any positions, will be waiting for the break then re-test/hold of either side of the triangle in order to take positions either way.
Play for either direction is below;
LONG PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way up: 590, 620 & final TP at 680
SHORT PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way down: 510, 480 & final TP at 450
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Currently waiting for confirmation on ADABTC before taking any positions, will be waiting for the break then re-test/hold of either side of the triangle in order to take positions either way.
Play for either direction is below;
LONG PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way up: 590, 620 & final TP at 680
SHORT PLAY:
Will be looking for a break in Sym triangle then a re-test confirming break
SL : pending new structure that has formed
TP's on the way down: 510, 480 & final TP at 450
LEARN TA! At MBA we teach technical analysis from the basics up, learn to trade with our veteran traders with a community of 200+ other traders;
Link in profile description!
Trade active
ADABTC Looks liek to have broken the Sym triangle ! Abit earlier than I expected but all is well!I will be looking for entries on the re-test, currently eyeing 570 SAT's region for potential long entries if horizontal support holds
If entries at 570 look viable, SL will be 545 below previous low structure
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