$ADA/BTC 1D (Binance Spot) Falling wedge breakout & pullback
Updated
Cardano broke out of that big falling wedge, this is surely a bullish pattern, fill your bag in the zone.
Also, 100EMA seems to be supporting the current price action, and fundamentals are very positive (Shelley release)!
Current Price= 0.00000831
Buy Entry= 0.00000831 - 0.00000781
Take Profit= 0.00001034 | 0.00001162 | 0.00001348
Stop Loss= 0.00000692
Risk/Reward= 1:2 | 1:3.12 | 1:4.75
Expected Profit= +28.29% | +44.17% | +67.25%
Possible Loss= -14.14%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Also, 100EMA seems to be supporting the current price action, and fundamentals are very positive (Shelley release)!
Current Price= 0.00000831
Buy Entry= 0.00000831 - 0.00000781
Take Profit= 0.00001034 | 0.00001162 | 0.00001348
Stop Loss= 0.00000692
Risk/Reward= 1:2 | 1:3.12 | 1:4.75
Expected Profit= +28.29% | +44.17% | +67.25%
Possible Loss= -14.14%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Note
Some useful information about Cardano & Shelleyacademy.binance.com/en/articles/what-is-cardano-ada?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
Trade closed: target reached
TP2 reached with +44.17% (1x) and 3.12R Now you see why I was super bullish on Cardano, great profit so far.
As a matter of fact I still am, and I plan on holding a long-term bag as well!
Trade closed: target reached
TP3 with +67.25% (1x) and 4.75RThat's a wrap for Cardano, all targets reached with massive profit in Spot!
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