Cardano has pulled back towards 100EMA and is preparing for the big bull-run to come, time to full swing!
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Fib. Retracement= 0.618 | 1.117 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.25 years
cardano.org/
Current Price= 0.00002886
Buy Entry= 0.00002893 - 0.00002513
Take Profit= 0.00004463 | 0.00006935 | 0.00012294
Stop Loss= 0.00001998
Risk/Reward= 1:2.5 | 1:6 | 1:13.6
Expected Profit= +65.11% | +156.57% | +354.83%
Possible Loss= -26.08%
Fib. Retracement= 0.618 | 1.117 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 1.25 years
cardano.org/
Trade active
2/3 entries filledCardano is still dipping inside the demand zone, not affected too much by extreme market conditions lately which is a good sign.
Note
Up to +34.85% from average entryCardano precisely retested 100EMA support and bounced back, this is only the beginning of a long road!
Note
Retraced down to supportCardano bounced back on 100MA (green) & 150EMA (blue) and formed a falling wedge.
A lot of haters but does not look that bad in satoshi, we still expect a rally to take place this semester!
Also RSI looks historically bottomed here... 📈
Trade closed: stop reached
SL hit with -26.08% and -1RCardano was not able to stay above support and broke the wedge down after all, too bad.
Note
Would be back to Break-EvenCardano bounced after stop hunting us, that's too sad but it's part of trading with risk management.
If you are still holding, now could be a good opportunity to exit without loss, since demand zone is acting as supply!
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.