Cardano (ADA:BTC) AB=CD long trade.
Updated
Bull Flag setup Trade.
Hidden bullish divergence of the pRSI (main oscillator) of my PRISM Oscillators Set have emerged; with momentum entering the positive -- pulled up by the positive and increasing AJ-Ribbon with Snap lingering in the positive.
AB=CD confluent with 161.8% Fib extension level.
Also, BUY signal triggered on CYBER ENSEMBLE on the 1hrly chart!
Caution: 21 EMA crosses below the 50 SMA on the 15 mins. However not a significant issue unless confirmation of this on the higher timeframes (i.e. 30 mins and 1 hrly). Setting stop-loss accordingly below the 61.8% Fib with volatility factored in.
Note: The thick purple lines are the VPVR support/resistance levels.
I know the chart is cluttered. I only have one screen and this is how I like to analyse my chart, where all the relevant details are in view together; so that I won't over-focusing on any particular one of them.
Hidden bullish divergence of the pRSI (main oscillator) of my PRISM Oscillators Set have emerged; with momentum entering the positive -- pulled up by the positive and increasing AJ-Ribbon with Snap lingering in the positive.
AB=CD confluent with 161.8% Fib extension level.
Also, BUY signal triggered on CYBER ENSEMBLE on the 1hrly chart!
Caution: 21 EMA crosses below the 50 SMA on the 15 mins. However not a significant issue unless confirmation of this on the higher timeframes (i.e. 30 mins and 1 hrly). Setting stop-loss accordingly below the 61.8% Fib with volatility factored in.
Note: The thick purple lines are the VPVR support/resistance levels.
I know the chart is cluttered. I only have one screen and this is how I like to analyse my chart, where all the relevant details are in view together; so that I won't over-focusing on any particular one of them.
Comment
Of course as always, it will be wise to take profit along the way.The significant target where I will definitely be cashing out some of my active ADABTC trade is at ca. 0.00000593 BTC. Will also be continuously monitoring the CYBER ENSEMBLE and PRISM Oscillators to look out for weaknesses in the market, and will also be updating my volatility adjusted stop-loss levels as the price increases to lock in any profits gained thus far.
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Past and present divergences and hidden divergences.Longer range bearish divergence in the pRSI and pRSI-STOCHs are still looming, but fresh shorter term hidden bullish emerging. Need pRSI and pRSI-STOCHs in PRISM Oscillators Set to register a new higher high to invalidate longer term bearish divergence.
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For now, price appears to have setup a new lower high as well.If the next high struggles to setup a higher high, I will then consider exiting, depending on what the PRISM Oscillators say when the time comes.
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BUY signal triggered on CYBER ENSEMBLE again.Trade closed manually
Weakness appearing..ADA sold back to BTC at 0.00000592 BTC.
Will continue to observe chart as well as other BTC-pair opportunities to continue to attempt to multiply SATs.
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Wow.. ADA dumped just 2 mins after I've posted!My stoploss was at 0.00000580 BTC.
Presently supported at the 61.8 % level as drawn, and the 50 SMA as well as the top of the Ichicloud.
I am considering if to re-enter a % of it or not right now.
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If price pierces below 50 SMA and gets rejected. Expected to see more significant dumps! So it will be wiser to wait and see.I'm now monitoring the lower timeframes < 1hrly for strength to reappear again once the dust have settled for potential further trade opprotunities.
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Dropped below the 50 SMA.. and continued lower as expected. :DComment
Bouncing off the weekly VWAP @ 32.8% Fib?Comment
Re-entered 30% of my stake back into ADA at 0.00000574 BTC for now.Trade closed manually
Decided to sell back off at 0.00000582 BTC at 61.8% Fib and wait for now, which it easily hit with the present volatility.Comment
Appears to have found support at the 200 VWMA on the 30 mins chart.PRISM now flashing oversold.
More significantly, also on the 1hrly as well.
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However, note that the 21 EMA : 50 SMA bearish cross have just occurred.Comment
Haven't been updating.. but been trading following CYBER ENSEMBLE signals, with PRISM Oscillators to verify and confirm.Sell signal now triggered. Converting back into BTC to lock in profits, and wait for consolidation and a bullish sign to re-emerge.
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Entered a new trade above.Comment
..in higher-high, higher-low channel right now.Setting/updating stoploss below channel with volatility considered.
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Trade closed manually
Broke out below channel. Got out of trade.Disclaimer
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