Still learning more on cryptocurrencies, trying to see if technical analysis do work on them.
After the recent spike for Cardano, I am looking to buy on dips or a breakout.
Using fibs, you can see that the 78.6% and 61.8% levels are somehow respected.
I have heard and read abit on Cardano, it seems like a good buy.
Hence I am looking to buy at the 78.6%.
If it doesn't go back to that level, I will look to buy at the 61.8% breakout instead.
Let's try this out to see if this works.
Feel free to comment and share your ideas, I hope to learn from you guys as well =)
After the recent spike for Cardano, I am looking to buy on dips or a breakout.
Using fibs, you can see that the 78.6% and 61.8% levels are somehow respected.
I have heard and read abit on Cardano, it seems like a good buy.
Hence I am looking to buy at the 78.6%.
If it doesn't go back to that level, I will look to buy at the 61.8% breakout instead.
Let's try this out to see if this works.
Feel free to comment and share your ideas, I hope to learn from you guys as well =)
Trade active
Alright, buy is in place as price successfully hit and broke 61.8% level.Trade closed: target reached
First target achieved traders!Congrats for those who followed! 42% increase!
Note
Traders, do lock in some or all profits, depending on your risk appetite.Trade closed: target reached
2nd target achieved!How is it going guys...68% rise...hope you guys locked in some profits again =)
Note
Trade closed: target reached
Wow, all 3 targets achieved! 110% rise and even hit 265% returns at the high!I truly believe Cardano can be a long term investment, you guys can read up to find out more.
Note
600%! HODL
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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.