Cardano / TetherUSEducation
Importance of 50%, in MC
As we analyzed before (read here), the price movement on Cardano has been completed. It is trending upward now.
The main entry point for the ARZ Trading System is when we have a pullback from more than one S&R level on the border of drawn MC boxes (#1). Either MC, LTP or UTP.
Here we see sometimes this alignment will happen on 50% of the boxes, which is acceptable when it is in the direction of the major and minor trend (#2 & #3).
Watch 4H:
- Strong Bullish: Target 1: $0.9414, Target 2: $0.9890
- Strong Bearish: Target: $0.8459
Keynote: until the minor trend is not violated, the next target points are based on the base MC box size.
The main entry point for the ARZ Trading System is when we have a pullback from more than one S&R level on the border of drawn MC boxes (#1). Either MC, LTP or UTP.
Here we see sometimes this alignment will happen on 50% of the boxes, which is acceptable when it is in the direction of the major and minor trend (#2 & #3).
Watch 4H:
- Strong Bullish: Target 1: $0.9414, Target 2: $0.9890
- Strong Bearish: Target: $0.8459
Keynote: until the minor trend is not violated, the next target points are based on the base MC box size.
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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.
Related publications
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.