Long

$ADA/BTC 1W (Binance Spot) Huge symmetrical triangle breakout

Updated

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/

Trade active

2/3 entries filled

Cardano 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 entry

Cardano precisely retested 100EMA support and bounced back, this is only the beginning of a long road!

Note

Retraced down to support

Cardano 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 -1R

Cardano was not able to stay above support and broke the wedge down after all, too bad.

Note

Would be back to Break-Even

Cardano 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!

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