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!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.