TICKER CODE: ADAUSD
Company Name: Cardano
Industry: Cryptocurrency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Pennant / Falling Wedge (Forming)
2. The market will potentially fall to either Fibonacci Retracement at 0.618 (Golden Zone) 0.786 ( Silver Zone)
3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Buy Entry: NOW READY (1.900) - The Market could potentially fall to 1.75
Next Entry: 1.75
1st Partial Take Profit: 2.820 (June - August 2021)
2nd Take Profit: 3.400 (October - End 2021)
I would recommend holding some ADA until price change trend direction
Company Name: Cardano
Industry: Cryptocurrency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Pennant / Falling Wedge (Forming)
2. The market will potentially fall to either Fibonacci Retracement at 0.618 (Golden Zone) 0.786 ( Silver Zone)
3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Buy Entry: NOW READY (1.900) - The Market could potentially fall to 1.75
Next Entry: 1.75
1st Partial Take Profit: 2.820 (June - August 2021)
2nd Take Profit: 3.400 (October - End 2021)
I would recommend holding some ADA until price change trend direction
Trade active
Note
The market dropped below our 1.75 entry but did not break and close inside the flag. We will still be holding our positions unless the market breaks and close inside.
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.
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.