Cardano just broke the 50% fib and EMA50 (Shown in the yellow box). My numbers are the following:
Target 1: 0.00001401, hoping to find support there.
Target 2: 0.00001253 , next stop in case Target 1 is destroyed.
Target 3: 0.00001064, for the complete retracement of the previous up swing.(Once Target 2 gets broken, I will look for a re-entry)
I will stop shorting if it closes above the EMA50 and 50% fib (again, shown inside the yellow box)
Target 1: 0.00001401, hoping to find support there.
Target 2: 0.00001253 , next stop in case Target 1 is destroyed.
Target 3: 0.00001064, for the complete retracement of the previous up swing.(Once Target 2 gets broken, I will look for a re-entry)
I will stop shorting if it closes above the EMA50 and 50% fib (again, shown inside the yellow box)
Trade closed: target reached
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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.