Cardano has formed a symmetrical triangle and is getting real close to the apex. When it will reach the apex it will be forced to follow a trendline. Either use the bottom for support or the top for resistance.
Red dotted lines are upcoming resistances if price continues to rise after breaking out of the triangle. If price can break all three then price can easily reach 100% - 130% gains.
I will be putting moving stop losses with this. The whole market is still in the danger zone and some profit is better then no profit in my book.
Red dotted lines are upcoming resistances if price continues to rise after breaking out of the triangle. If price can break all three then price can easily reach 100% - 130% gains.
I will be putting moving stop losses with this. The whole market is still in the danger zone and some profit is better then no profit in my book.
Trade active
just broke upwards out of the triangle. volume has increased by over 200 todayNote
Congrats everybody!!!!! first target has been hit for over 20% profit. Right now the bulls are attempting to push through the resistance. we will need to pass the high of yesterday to continueNote
stalling pretty hard at the resistance. looking like a fall back close to the trend line or .68 FIBNote
ADA held strong and broke through. Second target has been hit and resistance has been met again. Almost 40% profits so far traders!!Note
Note
5th wave should take us past the third target!!!!!!Trade closed: target reached
another victory for us!!!!!! we are on fire! good trading everyone
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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.