Cardano - Intraday - We look to Buy
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Trend line resistance is located at 0.0950.
We look to buy dips.
Dip buying offers good risk/reward.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
We look for a temporary move higher.
Our profit targets will be 0.0942 and 0.0948
Resistance: 0.0920 / 0.0940 / 0.0950
Support: 0.0910 / 0.0900 / 0.0890
Signal Centre
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Trend line resistance is located at 0.0950.
We look to buy dips.
Dip buying offers good risk/reward.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
We look for a temporary move higher.
Our profit targets will be 0.0942 and 0.0948
Resistance: 0.0920 / 0.0940 / 0.0950
Support: 0.0910 / 0.0900 / 0.0890
Signal Centre
Trade closed: target reached
Take profit of 0.0948 has been hit!
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.
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.