Cardano / TetherUSUpdated [ADA/USDT] SHARE MY THOUGHT
Hello fellow traders,
I have been watching this pair for a week and the market is quiet which indicates an opportunity incoming whether you're Short or Long the pair. The price is wiping around the 50 line RSI and the midline of the Bollinger Band indicates a neutral market. However, the price reacts aggressively to the pivot point and forming an ascending triangle which gives me the confidence over 60% - 70% chance the price might continue to make it move to the upside. Breaking the RSI trend line or RSI dips to the oversold zone will be my LONG trigger on Cardano. On the other hand, my analysis is invalid if the price breaks the pivot, and is traded below it.
Be wealth, traders!
NOT FINANCIAL ADVISE. DO YOUR OWN RESEARCH.
I have been watching this pair for a week and the market is quiet which indicates an opportunity incoming whether you're Short or Long the pair. The price is wiping around the 50 line RSI and the midline of the Bollinger Band indicates a neutral market. However, the price reacts aggressively to the pivot point and forming an ascending triangle which gives me the confidence over 60% - 70% chance the price might continue to make it move to the upside. Breaking the RSI trend line or RSI dips to the oversold zone will be my LONG trigger on Cardano. On the other hand, my analysis is invalid if the price breaks the pivot, and is traded below it.
Be wealth, traders!
NOT FINANCIAL ADVISE. DO YOUR OWN RESEARCH.
Note
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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.