Update to earlier 2 x butterfly pattern which looked as if it was going to complete at 1.272 ext, it did not and stopped me out. But Im back in the game and ready to take advantage of the next logical place for price to turn higher... that being the 1.618 extension!
Lets see how it goes... ill update once trade is live!
Lets see how it goes... ill update once trade is live!
Note
ADA has made its way down to the 1-618 ext of the larger Butterfly pattern.I would wait for a higher low (blue line) to get long, with a stop under previous low. This will give you a healthy R:R.
Note
sorry you cannot see price in the above chart. Here is a new oneNote
3rd time lucky
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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.