ADABTC
Updated
Big Cup&Handle pattern formed at 4h timeframe .
Target 1 = 4404 Satoshi ( cca 15% )
Target 2 = 5010 Satoshi ( cca 30% )
I am waiting for breakout with confirmation above FIBO level 382.
This C&H is capable to push value to the top of FIBO retracement level 1 = 6970 Satoshi !
So , by the neckline from this cup and handle formation idea, is technically cca 98% long term hit potential.
But it takes time, because ADA will be trading up and down...
As ussualy, we need Bitcoin to hold & increasing his value.
However, I rather focus at my near 2 targets.
Please, never trade by my ideas.
That 2 white lines represents a main trend need to hold, on the way to higher levels.
Sincerely,
Mario Emvo.
*This is not a financial advice.
Target 1 = 4404 Satoshi ( cca 15% )
Target 2 = 5010 Satoshi ( cca 30% )
I am waiting for breakout with confirmation above FIBO level 382.
This C&H is capable to push value to the top of FIBO retracement level 1 = 6970 Satoshi !
So , by the neckline from this cup and handle formation idea, is technically cca 98% long term hit potential.
But it takes time, because ADA will be trading up and down...
As ussualy, we need Bitcoin to hold & increasing his value.
However, I rather focus at my near 2 targets.
Please, never trade by my ideas.
That 2 white lines represents a main trend need to hold, on the way to higher levels.
Sincerely,
Mario Emvo.
*This is not a financial advice.
Note
Nice pattern call :) I ussualy switch last 60minutes from 4h timeframe to 1h chart and looking closely what will happen. Now it looks like Cardano forming support at my yellow FIBO retracement level 382. Be carefull and watching next steps after 4h candle will closed.
*This is not a financial advice.
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